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

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 

Deutsche Bank makes CLO arranging comeback with first new issue of 2020
Deutsche Bank priced its first new issue CLO of 2020 on Friday, placing a $406.27 million deal backed by middle market loans for Monroe Capital

Global CLO b-wic round-up: spreads widen in short week to end manic June
A shortened week brought an end to a manic month of secondary CLO activity. $343.5 million of US CLO and €309 million of European CLO paper was on sale last week, dropping $1.05 billion and €170 million from the previous week

Global CLO b-wic round-up: double Bs lead the way as rally endures and drags equity with it
The CLO secondary market continued its hard rally last week as prices rose across the whole asset class with double B rated CLO bonds leading the charge tighter

Global CLO league tables - May 2020 YTD
Global CLO league tables - May 2020 YTD

Onex prices second US new issue CLO in three weeks
Onex Credit Partners priced its second new issue US CLO in just three weeks yesterday, via Natixis, to become the fourth US CLO manager to price two new issue CLOs during the covid-19 pandemic

Post-reinvestment CLO hit by downgrade to Caa3 as warf rises
Moody’s has downgraded the F tranche of Halcyon Loan Advisors 2015-1, a 2015 vintage CLO managed by Bardin Hill Partners, to Caa3 from Caa2

Zais short-dated CLO prices triple As wide of market at 141.9bp
Zais Group has gone the short-dated route for a new issue CLO, Zais CLO 14, which Goldman Sachs arranged

DFG seeks secondary loans for new series of Pulsar CLOs
DFG Investment Advisers is launching a new line of CLOs with collateral sourced entirely in the secondary market

PGIM launches US CLO with unfunded double Bs
To double B or not to double B, that is the question as PGIM issues an unfunded double B-rated note as part of Dryden 80 CLO, a new issue deal which priced on Friday via Bank of America

MidOcean ends 15-month break from new issue CLOs after making big hires
Having made two key hires in the last few months, MidOcean Credit Partners has priced its first new issue US CLO since July 2018

Marble Point prices new CLO with unusual debt structure
Marble Point yesterday priced its second new CLO of 2019 via Bank of America Merrill Lynch, according to market sources

US CLO round-up: summer blues don’t weigh on the issuance parade
Summer is shining on US CLOs as $3.8 billion worth of activity entered the market last week. The flow brought four new deals (including one middle market deal), one reset and two refinancings.

CSAM prices second largest CLO refi of 2019
Credit Suisse Asset Management took 21.98 basis points off the funding costs of its 2016 CLO Madison Park Funding XXIV via refinancing

CSAM prints 2019's third largest new issue CLO, via BAML
Credit Suisse Asset Management has priced its second new issue CLO of the year, via Bank of America Merrill Lynch

2019 debut manager set to make a quickfire return
Elmwood Asset Management is back on the radar just over a month after pricing its debut CLO, Elmwood CLO I. The manager is now showcasing its second deal, Elmwood CLO II, which is being arranged by JP Morgan.

BlueMountain prices at tight end of the market with its 11th US CLO of 2018
BlueMountain Capital Management has reset its CLO 2016-3, pricing the deal via Barclays with a five-year reinvestment period

Och-Ziff prices $916.93 million in US CLO refi paper across two deals
Och-Ziff prices two CLO refinancing transactions via Barclays 

CBAM reaches $2.8 billion CLO volumes for 2018 following third new deal
CBAM has priced its second new issue CLO within the space of just three weeks on Friday named CBAM 2018-7

Carlyle prices its largest ever CLO transaction in $815.85 million deal
Carlyle Group has priced its largest CLO transaction to date with a $815.85 million reissue