Global CLO b-wic round-up: CLO triple As recover but mezz left behind
The CLO secondary market was a tale of two halves last week. 100% of all bonds listed in b-wics on Monday and Tuesday had no covers released (either traded or did not trade), but the end of the week was a different story for both markets

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

Global CLO league tables - January 2020 YTD
Global CLO league tables - January 2020 YTD

Licence and registration: loan spreads get speeding ticket as CLOs play catch-up
The sharp rally in corporate credit means that CLO spreads are going to have to rapidly follow suit with investors informing Creditflux that US CLO triple As should be pricing at 105-107 basis points to make deal economics work. 

CLO pipeline: Medalist ascends podium as new issues pace themselves
CLO managers are biding their time before re-entering the primary CLO market, but this week Investcorp Credit Management, KKR and Medalist Partners are marketing new issue US CLOs

Investcorp lines up new CLOs on both sides of the Atlantic
Investcorp Credit Management is gearing up to price new issue CLOs in both the US and Europe, according to market sources

Investcorp resets and upsizes 2017 European CLO
Investcorp Credit Management has reset and upsized its 2017 CLO named Harvest CLO XVII, according to market sources

Investcorp refinances 2016 US CLO
Investcorp has joined the list of managers refinancing 2016 vintage CLOs after pricing a $368 million deal with GreensLedge

Investcorp hires ex-Medley structured credit head as John Fraser retires
Investcorp has appointed a CLO specialist as co-head of US credit, following the retirement of the firm’s previous sole US credit head

Past returns: short and sweet
Five years ago in Creditflux, we reported on Pimco emerging as a major buyer of triple A-rated US CLO tranches

US CLO round-up: years fall off CLO market as it gets back to its old self
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. 

CLO managers exposed as US mortgage lender files for bankruptcy
CLOs hold $164.9 million exposure to the debt of Ditech Holding Corporation, who refiled for Chapter 11 bankruptcy on Monday 

CLO spreads drift wider as Investcorp prices double Bs at 768bp
Investcorp Credit Management teamed up with Citi yesterday to price a $455.2 million CLO named Jamestown XII

It’s going to be a credit picker’s market
Our panel of experts believe that the credit market will be volatile this year, but there will be opportunities in European credit and additional tier one bonds, trups CDOs and unitranches

Updated, upgraded and ready to launch
Whether it’s a software update or a full-blown upgrade to a newer model, CLO technology is advancing fast, with Be-Spoke and Ellington the latest to launch new types of securitisations

US CLO round-up: managers find short-dated resets are the way to go
Short-dated resets are popular right now - as are single B tranches

Investcorp prices new US CLO via Credit Suisse
Investcorp priced a new issue CLO yesterday named Jamestown XI via Credit Suisse

US CLO round-up: spread widening hits CBOs (as well as CLOs)
Anchorage has priced two bond-heavy securitisations this year and financing costs are clearly increasing

Another manager enters CLO reissue market following $756.58 million deal
A manager launched its first ever CLO reissue yesterday via Bank of America Merrill Lynch

Investcorp resurrects 2013 CLO following $369 million short-dated reset
Investcorp has priced a short dated reset, extending a 2013 vintage deal's reinvestment period for two years

Investcorp prices $476 million US CLO refi
Investcorp priced its first CLO transaction of 2018 yesterday

Investcorp refinances 2015 US CLO and cuts 72bp off triple As
Investcorp priced a $460 million refi transaction with Credit Suisse on Friday, sources say

Investcorp adds credit analysts to its New York team
Sources say Investcorp Credit Management has hired two analysts as part of an expansion strategy

Investcorp prices US CLO triple As at 69bp following refi
Investcorp priced its 13th CLO transaction of the year on Friday

Former head of European CLOs at JP Morgan joins Investcorp
New York-based Amberine Nagree has resurfaced at a large CLO manager in a business development role, Bloomberg reports