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 prices first new European issue in 10 months
The latest print in the manager’s Armada series was the tightest European deal so far this month  

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 wraps up 2024 with third Euro reset
Brigade Capital Management has reset a 2019-vintage European CLO via Morgan Stanley  

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 

Brigade prints wide of current Euro mark with CLO reset
Brigade has priced a reset of a 2018-vintage European CLO via Bank of America

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

Brigade prices unusual reset on rapidly-amortising CLO
The end of last week saw Brigade Capital Management price an unusual 2018-vintage reset that widened the deal’s overall cost of funding

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 prices new European CLO
Following a quiet period on the primary market, Brigade Capital Management returned to the primary market this week with its first European issue of the year

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

Brigade requests restructuring flex for pre-covid European CLOs
Brigade Capital is proposing to amend documentation in some of its pre-covid European CLOs to include new restructuring language, the firm wrote in a letter to investors in Armada Euro CLO II and Armada Euro CLO III 

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