Brigade prices partial refi of 2021 US CLO

The refi consolidated the existing deal's top-of-stack loan and note tranches into a single note coupon

Brigade advances with second new Battalion print for 2025
The New York-based investment manager’s latest new CLO follows its tightest-ever print in January

Brigade and Palmer Square price US CLO resets with equity upsizings
The 2021-vintage BSL deals were both arranged by Morgan Stanley  

Brigade scores its tightest cost of funds ever in new US BSL CLO
The manager secured its lowest overall cost of funding thus far with its first new US issue of 2025  

Brigade joins the pre-holiday rush with equity upsize for US BSL CLO
Brigade has reset a CLO deal that includes USD 33.4m in additional equity for the 2019-vintage issue   

Blackstone backs CLO captive equity fund for Brigade Capital
Blackstone has made a USD 300m investment to Brigade Capital, including USD 150m for a CLO captive equity fund 

Marginal triple-A tightening for latest US Brigade CLO reset
Brigade prints second US CLO reset of the year via Bank of America

Brigade refinances four tranches of 2021 vintage CLO
Working with RBC Capital Markets as the arranger, Brigade Capital Management has priced a partial refinancing of Battalion CLO 17

Brigade stays short-dated with reset of deal from 2022
Brigade Capital Management has reset Battalion CLO XXIV, a US BSL deal that turned heads when it debuted in 2022

Brigade refinances 2020-vintage CLO
Brigade Capital Management is following in the footsteps of CSAM with an equally busy month. The New York-based managed priced a refi of its Battalion CLO XV just a week after its Battalion CLO XXV new issue.

Brigade returns to CLO primary with new US BSL deal
Returning to the primary market for the first time since 2022, Brigade Capital Management priced its latest CLO – a vanilla US new BSL issue

Lender on lender violence increasing as defaults tick up, conference hears
CLO managers are seeing an increase in aggressive lending practices as the long-anticipated rise in loan defaults begins to materialise, panelists at Debtwire's US Private Credit Forum said in New York on Wednesday

US CLO pipeline: Capital Four and GoldenTree structures emerge as pipeline builds
Four more US CLO managers are marketing new issue CLOs to join three holdovers in the pipeline this week

Brigade issues new CLO with unusual call and reinvestment structure
Brigade Capital Management priced a new CLO via Morgan Stanley on Thursday with a rare non-call and reinvestment period duration

CLO managers find safety and return potential in IG
An investment grade bond might not seem the most suitable candidate for a CLO portfolio, but managers are increasingly going up the capital structure as they brace for a recession.

CLO x-rays reveal chapter 11-diagnosed borrower
18 CLO managers hold $380.2 million debt of medical imaging and non-destructive testing product provider Carestream Health, which on Tuesday filed for chapter 11 bankruptcy protection in the US Court for the District of Delaware. The firm entered into a restructuring support agreement to slash its debt by around $470 million

CLO market mood sours amid bitter economic outlook

CLOs at a glance (June 2022)
A listing of CLOs that have priced in the last month
 
   

Flurry of US CLOs print as Barclays boosts CLO issuance with Brigade and Bain deals
Barclays has brought over $906 million of issuance to the market, printing deals for Bain Capital Credit and Creditflux’s newly crowned US CLO manager of the year Brigade Capital Management

Brigade bolsters 2019 US CLO with refi
Brigade Capital Management has refinanced debt tranches of a US CLO it signed in 2019, tightening the capital stack

Brigade reworks 2019 CLO in line with another recent reset
Brigade Capital Management has reset its second CLO in the space of a few weeks with near identical prints

Lazard in talks to buy Brigade: Bloomberg
Lazard is reportedly in advanced talks to buy credit hedge fund Brigade Capital Management

CLO refi and reset volumes surge with $2.3 billion priced on Friday
CLO refi and reset volumes surged on Friday with $2.3 billion priced across the US market, according to market sources. Brigade Capital Management, MidOcean Credit Partners and New Mountain Capital reset regular-way CLOs, Blackstone Credit scored a regular CLO refi, Sculptor Capital Management refinanced a bond-heavy CLO, and Ivy Hill Asset Management reset a middle market CLO

Brigade joins five-time in 2021 US CLO issuer club
Brigade Capital Management has joined the group of US CLO managers to print five new issues in 2021