Fortress prices widest CLO triple As of 2022, but that's no obstacle
CLO triple As reached 162bp on Friday as Fortress priced a US deal. The firm has priced wide CLOs before, but that has not held it back from producing some of the best equity distributions in the industry 

Deerpath senior CLO tranche reaches 195bp to shed light on mid-market pricing
Deerpath Capital Management has revealed mid-market CLO pricing levels in the primary market after disclosing discount margins on its new issue, which priced on Monday 

European CLO triple As slide over 30bp in a month
Partners Group has priced Penta CLO 11 today, sources say with the triple A notes pricing at 125bp. This confirms that senior CLO notes are now in the 120-125bp range, having been 30bp tighter just a month ago

Elmwood becomes first US CLO manager to print a third new issue this year
Elmwood Asset Management became the first US CLO manager to print its third new issue of 2022 on Wednesday, teaming up with JP Morgan on the new deal named Elmwood CLO 16

Chenavari Euro CLO brings another co-placement agent role for Standard Chartered
JP Morgan was lead arranger and co-arranger on Chenavari’s latest €307.4 million deal, named Toro European CLO 8, with Standard Chartered a co-placement agent

Neuberger markets third ESG European CLO
Neuberger Berman is expected to price the deal in the week commencing 31 January

Blackstone uses CLOs as financing tool in new suite of deals
Blackstone Credit has added three non-traditional US CLOs to its collection this year

PGIM switches Euro CLO double A tranche from fixed to floating rate with refi
PGIM has refinanced three tranches – the triple As, one double A tranche and triple Bs - of its 2018 European CLO Dryden 66

Convergence traders dine out as Europe widens in US absence
Traders betting on Europe / US credit convergence have much to be thankful for on Thursday, with the gap between investment grade CDS spreads having vanished and high yield noticeably reduced

Carlyle prints five-year European CLO as it slides into fifth place in league tables
Carlyle Group has printed the 10th European CLO with reinvestment longer than five years

Treasury desk lists $818 million b-wic as hedge fund looks to offload control CLO equity in bumper day
State Street once again listed over $800 million of US CLO triple A bonds on Tuesday, having sold $834 million of triple A paper last month

Three control CLO equity blocks trade, including rare CIFC deal with ultra-low funding costs
Three US CLO anchor equity positions traded Tuesday courtesy of one b-wic at 9.30am New York time

Palmer Square prices tight with sixth US CLO of the year
Palmer Square has notched up its sixth new issue US CLO of the year with Morgan Stanley pricing Palmer Square CLO 2021-4 yesterday, according to market sources

Credit Fundraising: Blue Owl and WhiteHorse gain from improving animal spirits
Fundraising perked up in July as managers raised $14.9 billion for credit funds - the third highest monthly amount this year

SLR targets $1 billion deployable capital for healthcare direct lending fund
SLR Capital Partners has surpassed the halfway mark on its first dedicated healthcare-focused direct lending fund, making a $480 million initial close

Lighten up, these are due an upgrade
CLO triple C buckets were overflowing last year, but the average exposure is now 7.3%. That is still close to trigger levels, but CLO managers are relaxed, as further loan upgrades are on the horizon

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues

AB and NXT reset middle market CLOs
AB Private Credit Investors and NXT Capital both reset middle market CLOs on Thursday with the two deals adding a further $740.8 million to primary market supply

Global CLO trading lab: secondary volumes inflate and easily get absorbed
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice

US CLO pricing lab: let’s refi like it’s 2017
The new issue US CLO market has been a slow burn over the last two weeks with only six deals being brought to the market amid wider triple A spreads. But the repricing market has been booming with today’s triple A levels still comparatively cheaper than previous vintages exiting their non-call periods

Global CLO b-wic round-up: record level of CLO paper stalls rally
Record levels of primary and secondary CLO supply has left investors spoilt for choice and led to the CLO rally stalling

CSAM lands third $700 million-plus US CLO refi of 2021
Credit Suisse Asset Management has priced its third CLO refinancing of the year with a par value above $700 million, meaning the manager can lay claim to the first, second and third largest refi transactions of 2021 so far

CSAM scores $732 million with largest CLO refi of 2021
Credit Suisse Asset Management priced the largest CLO refinancing transaction of the year on Monday, teaming up with Barclays to refi $732 million notes from its 2018 vintage CLO named Madison Park Funding XXXII

Pantheon collects $800 million for private credit strategy
The $50.7 billion manager has raised $800 million for a private debt fund, according to US regulatory filings

Fieldwood slips into second bankruptcy as CLOs hold $314 million
CLO managers hold $314.5 million of oil and gas drilling company Fieldwood Energy, which filed for Chapter 11 bankruptcy yesterday for the second time in two years