US CLO roundup – US spreads fall to 'historically tight' level
The year kicked off with a bang for US CLOs with a major new tight and investor demand running red-hot

Brightwood resets 2019 MM CLO
The reset of Brightwood Capital MM CLO 2019-1 went with a short-dated 1Y/2Y schedule  

Napier Park US BSL CLO from 2018 gets reset
Napier Park, working with Nomura as the arranger, has reset a US BSL CLO from 2018

2017 vintage CLO is reset by Napier Park
Napier Park reworked one of the older deals in its current portfolio this afternoon when it priced a reset of Regatta X Funding

Beneath the triple C: Stormy October hits CLOs with rising tide of downgrades
After a slight respite in the pace of downgrades over the summer for CLOs, October brought renewed momentum as macro-economic pressures - primarily high interest rate burdens for corporate borrowers and supply side inflation - became the recurring rationale

Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B.

Sculptor refinances post-reinvestment CLO via Amherst Pierpont
Sculptor Capital Management has refinanced three tranches of its post-reinvestment CLO named OZLM Funding VIII at $479.1 million

Irradiant prints second new US CLO under new branding
The deal takes Irradiant’s CLO volume for 2021 to $2.7 billion

BofA CLO trader departs after 16 years to join US pension giant
Former Bank of America CLO trader has left the bank after 16 years to move to the buy side

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill

MidOcean employs rare tranche structure with 2016 US CLO reset
MidOcean Credit Fund Management has reset a 2016 vintage US CLO via Jefferies, upping the deal size slightly and shaving its funding costs in an unusual reconfiguration of tranches

US CLO league tables: AGL grabs new issue lead
AGL Credit Management has added to an impressive run of CLO deal-making, pricing its fifth US new issue of 2020

PGIM gives $150 million upsize to CLO that priced last month
PGIM has completed a rare feat by upsizing a US CLO in the window between its pricing date and closing date

PGIM prints new CLO on busiest day for issuance since pandemic outbreak
PGIM on Monday priced its second new CLO since the March sell off, coming on the busiest day for CLO issuance since the onset of the coronavirus pandemic

US CLO league tables: light at the end of the tunnel as primary revives
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month

CLOs feel flat after housing $335 million of bankrupt RentPath
CLOs house $334.5 million of the debt of RentPath Holdings, which filed for Chapter 11 in the US Bankruptcy Court for the District of Delaware on Wednesday

Global CLO b-wic round-up: control equity hits the market as secondary market picks up
The CLO secondary market in both Europe and the US brought healthy volumes last week. There was €174.9 million listed in the European CLO secondary market, while the US returned a with just over $600 million in CLO b-wics. 

Och-Ziff prices first new US CLO in 12 months
Och Ziff has returned to the US CLO market with its $505.4 million OZLM XXIII via Morgan StanleyHot market welcomes back old hands

US CLO league tables: GSO and Morgan Stanley close the gap on market leaders
CSAM and Citi are the market leaders when it comes to new issue CLOs - but there's growing competition

US CLO league tables: new issue deals bring 2018 volumes to $140 billion
Half a year in and we’ve seen $140.7 billion worth of CLO activity in the broadly syndicated loan CLO market – just $4 billion behind H1 2017’s ground breaking volumes

US CLO league tables: competition intensifies among dealers
$13.6 billion of new issue paper was produced in May, bringing total new CLO volumes to $52.1 billion for the year. And last month there was plenty of movement in the arranger league tables

US CLO round-up: Despite big freeze, market issues a cool $4.6 billion of paper
CLO managers are snowed under in yet another busy week for the US market. This week, managers have priced deals with a wide range of leverage ratios

US CLO round-up: the three stages of CLO management
An experienced CLO manager, a manager with a three year track-record in CLO management and two rookies priced deals this week. Our data shows that the market is applying a 9bp premium on triple A notes based on the experience of a manager

US CLO triple-A spreads reach 99bp after Sound Point CLO refi
Triple-A CLO spreads have dipped below 100 basis points in the US market with investor sources reporting that senior notes in Sound Point CLO III priced at 99bp as part of a refinancing