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Octagon jumps to top of CLO leaderboard with fourth transaction of 2019
6 years ago
Octagon Credit Investors on Friday became the first manager to price its fourth transaction in the CLO market this year, with a new issue named Octagon Investment Partners 41 -
Controlling class conditions unshackle CLO managers
6 years ago
CLO managers are looking to the future by incorporating ‘controlling class conditions’ in their CLO documentation, which kicks in if an anchor triple A investor exits their deals -
Octagon prices CLO reset with triple A controlling class condition
6 years ago
Octagon Credit Investors teamed up with Bank of America Merrill Lynch on Friday to reset its 2015 vintage CLO named Octagon Investment Partners XXIV -
Payless bankruptcy steps on toes of CLOs
6 years ago
CLOs hold exposure to the debt of US retailer Payless ShoeSource, which filed for Chapter 11 bankruptcy earlier this week -
Octagon's quick-fire start to 2019 continues as it plans another CLO reset
6 years ago
Octagon hits the US market with another reset -
US CLO round-up: years fall off CLO market as it gets back to its old self
6 years ago
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper. -
Octagon CLO pricing points to tightening mezz tranches
6 years ago
Octagon Credit Investors priced its second CLO transaction of the year yesterday and its first new issue, Octagon Investment Partners 40 -
Equity investors eye resets as they focus on 2014 CLOs
6 years ago
US CLO resets will be favoured over refinancings this year, with equity investors keen to give CLO managers as much flexibility as possible to capitalise on a distressed wave — whenever it may arrive -
US CLO round-up: Dry January ends early as spreads get hammered
6 years ago
Is the 2019 vintage going to be a classic? It's certainly started off slow, but it could mature into something very special if loan volatility persists -
Octagon prices 2019's first reset as Nomura begins to fulfil CLO promise
6 years ago
Octagon Credit Investors has teamed up with Nomura to reset 2014’s Octagon Investment Partners XXI for five years additional reinvestment -
Octagon and Nomura look to open 2019 CLO reset market
6 years ago
Octagon Credit Investors has emerged as the first manager to attempt a CLO reset in 2019 -
Octagon resets 2016 CLO with senior triple As pricing at 117bp
6 years ago
Octagon Credit Investors notched its 13th CLO transaction this year with a reset on Friday of the $707.7 million Octagon Investment Partners 28, which originally priced in September 2016 -
Global CLO round-up: what goes around comes around
6 years ago
It is no news that spreads are reverting back to the elevated levels of last year and, with each new deal pushing the market wider, the rolling three-month term curve in the US has been forced to stretch and move left, right and centre. -
Octagon matches benchmark triple A levels with its fifth new issue CLO of 2018
6 years ago
Octagon Credit Investors priced its fifth new issue CLO of the year with Octagon Investment Partners 39 printing on Friday -
US manager sheds CLO vertical strip in secondary market
6 years ago
Sources say that a US CLO manager offloaded $65.13 million of CLO paper into the secondary market with the manager shedding vertical strips, held for US risk retention compliance, in two of its CLOs -
Octagon continues its rapid CLO issuance with fourth new deal of the year
6 years ago
According to market sources, the manager priced its 11th transaction of the year yesterday, with a fourth new issue named Octagon Investment Partners 38 -
Octagon continues reset spree but senior CLO spreads widen 4bp in one month
6 years ago
Octagon Investment Partners has issued its 10th transaction in the CLO market of 2018 today -
CLO b-wic line up: European equity makes up 85% of today's market share
7 years ago
European CLO equity has found a sudden burst of liquidity, albeit in bite-size pieces -
Octagon shapes its fourth reset of the year, reviving post-reinvestment CLO
7 years ago
Octagon has reworked a 2013 vintage CLO for the first time, giving a new lease of life to its post-reinvestment deal Octagon Investment Partners XVI -
Octagon looks to price ninth CLO deal of the year
7 years ago
According to a Fitch Ratings presale report, the manager is preparing to price its ninth CLO transaction of 2018 and its fourth this quarter -
Eight deals for Octagon in 2018 after manager prices $470 million reset
7 years ago
Octagon Investment Partners has inserted a junior triple A and single B tranche into a 2016 deal -
US CLO round-up: volumes move in sync with 2017, but it could not be more different
7 years ago
$111 billion of CLO isssuance this year compared to $113 billion by this point last year. But new managers, spread movements and no risk retention make it seem like a completely different environment -
Octagon prices its largest new issue CLO since 2016
7 years ago
Octagon Credit Investors priced its third new issue CLO of the year yesterday -
Octagon looks to add leverage to 2016 CLO by adding single Bs
7 years ago
Octagon Credit Investors is resetting its 2016 CLO, Octagon Investment Partners 26, with plans to leverage the transaction by adding a $10 million single B tranche -
Octagon prices its sixth CLO transaction of 2016
7 years ago
Octagon became the first CLO manager to price six transactions this year on Friday
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