New Mountain returns to primary market with second reset for 2025
The reworking of the two-year-old US CLO trimmed the overall cost of funding by 40bps

Oaktree prints US reset and new issue on successive days
Both deals priced their triple A paper at SOFR plus 150bps

Trinitas joins pick-up in new CLO activity as US market finds its feet
The manager’s latest deal priced its triple As at SOFR plus 134bps

Golub undertakes first repricing of 2020-era US CLO
The reset of the BSL deal was the first reworking of the five-year-old deal

Nuveen prints latest BSL CLO in long-running Symphony series
Symphony CLO 48 priced a month after the first deal in the series this year

Blackstone prints second new US BSL CLO of 2025
The top of the stack priced 12bps wider than the manager’s earlier deal

Apollo’s Redding Ridge prints new USD 600m CLO
Unusually, the deal issued its triple A paper entirely in loan format

European resets price from Sound Point, Polus and Anchorage
Sound Point’s deal printed as the tightest of the trio

AXA IM prints first new US BSL CLO of 2025
The deal priced the top of the stack at SOFR plus 118bps

Spain’s Arcano Partners debuts as a new CLO manager
Arcano has priced its first CLO transaction, making the Spanish firm the first new manager of the year

KKR prints two US CLO repricings on same day
The two deals, both priced via BNP Paribas, totalled some USD 886m

New CVC issue cuts Euro AAA tight by two basis points
CVC’s first new Euro deal of the year priced triple As at 120, two basis points inside the previous low – but its overall cost of funding remained slightly wide of the tightest for the year

Ares refinances 2019 US CLO for second time
Ares Management has refinanced a 2019 vintage US BSL-backed CLO for the second time via Societe Generale

Investor demand boosts CLO deals but loan tightening may pose future challenges
US CLO spreads have narrow dramatically in 2025, but leveraged loans have fallen even more, which may eventually erode the arb and hamper dealmaking, but for now CLO issuance remains strong

Nassau markets a Euro CLO reset gearing for end-week pricing
Nassau has been marketing a reset of its Euro CLO II, a 2022-vintage deal, via Jefferies  

BlackRock marketing Euro reset with tightening spreads
BlackRock has been marketing a European CLO reset with talks of triple-As in the mid-120s  

Barings gives 2020-vintage BSL CLO a second reset
Barings has printed a 2020-vintage US BSL CLO, Barings CLO 2020-I, that was previously reset in 2021, via Bank of America 

RBC arranges two CLO resets in 24 hours
On Tuesday both Elmwood  and Redding Ridge printed resets arranged by RBC Capital. As coincidence would have it both of the reset deals are the 24^th in well-known US BSL CLO series

CVC resets Apidos CLO XVIII-R, slashes leverage
CVC Credit Partners has printed a reset of Apidos CLO XVIII-R that nearly doubles the equity in the US BSL deal.

Blackstone’s Buckhorn Park CLO gets partial refi
Blackstone has printed a partial refinancing of US BSL CLO Buckhorn Park, reworking the top five tranches of the 2019 deal

Nuveen resets short-dated CLO from 2023
Nuveen has reset Symphony CLO 39, a 1Y/2Y short-dated, US BSL deal that priced just 14 months ago, and is now a standard 2Y/5Y CLO

New deal from Onex sets tightest spread for a US three-year CLO
OCP Aegis CLO 2024-39 matched the 122bps triple A level that the short-dated Barings Loan Partners CLO 5 priced at last month, but pushed the reinvestment out a year

Palmer Square refinances static European CLO
Static CLO specialist Palmer Square has priced a full refinancing of a 2023-vintage static European CLO 

Fortress Credit refinances 2019 vintage CLO
JPMorgan and Fortress teamed to refinance a US BSL CLO dating back to 2019 that came out of reinvestment in July

Redding Ridge resets, resizes and renames BSL CLO from 2021
RR 34 is the new name given to the reset of the CLO once known as RRX 5, which was the new name given to the 2021-vintage Gulf Stream Meridian 5