CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

Benefit Street scores first sub-90bp triple A CLO refi since June 2018
Benefit Street Partners has refinanced tranches from its oldest active CLO from 2013, Benefit Street Partners CLO II, placing its triple A notes at just 87 basis points over Libor

Benefit Street prices second CLO reset in as many weeks
Benefit Street Partners teamed up with Citi on Friday to print its second CLO reset in as many weeks

Benefit Street resets 2014 US CLO on its reinvestment date
Benefit Street Partners has reset its 2014 vintage CLO named Benefit Street Partners CLO IV for a second time, and on the day it was scheduled to leave its reinvestment period

Benefit Street prints three-year US CLO via Citi
Benefit Street Partners has teamed up with Citi to print a three-year reinvestment CLO

CLO pipeline: LCM switches arranger to complete deal and join issuance surge
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election

Benefit Street markets its first-ever European risk retention compliant CLO
Benefit Street Partners is working with JP Morgan to issue its first-ever CLO structured to comply with European risk retention regulations, in a bid to attract international investors

CLO pipeline: break's over - time to print deals
The CLO market has taken a slight pause after the independence holiday in the US last weekend, meaning the CLO pipeline includes a backlog

Q2 US CLO volumes pass $14 billion as Benefit Street issues new deal
Benefit Street Partners has issued its first new CLO of 2020, bringing the total volume of US CLOs priced since the coronavirus selloff to $14.32 billion, according to market sources

Akorn falls into bankruptcy with $321 million planted in CLOs
CLOs hold $321.3 million of specialty pharmaceutical company Akorn’s debt, according to the latest trustee reports from CLO-I, with the firm having filed for chapter 11 protection in the US District Court for the District of Delaware yesterday

US CRE CLO growth spurt encourages Europeans
The US CRE CLO market hit a record $19.2 billion in 2019 and sources say that a first ever European deal will be issued this year. They cite the growing commercial mortgage direct lending market on the continent as laying the foundations for a European CRE CLO.

Benefit Street completes new issue CLO via Morgan Stanley
Benefit Street Partners priced a new issue CLO via Morgan Stanley on Friday named Benefit Street Partners CLO XIX, according to market sources, with the deal pricing at $508.7 million

Benefit Street prices $507.85 million US CLO
Benefit Street Partners priced its second new CLO of the year on Thursday, according to market sources

Benefit Street slashes 32bp from 2016 CLO's funding costs via refi
Benefit Street Partners teamed up with Citi on Friday to refinance Benefit Street Partners CLO X, according to market sources, slashing 31.96 basis points from the deal’s weighted funding costs

Benefit Street teams up with Wells Fargo for $508.2 million new CLO
Benefit Street Partners has priced its first new issue CLO of 2019

Benefit Street prices new CLO ahead of Franklin Templeton integration
Benefit Street Partners has issued its first CLO since the announcement in October that it was being acquired by Franklin Templeton Investments

Benefit Street prices its 15th new CLO
Benefit Street Partners priced a new issue CLO yesterday, bringing its 2018 volumes up to $2.4 billion

Benefit Street reworks 2016 CLO to reduce funding costs by 61bp
Benefit Street Partners has made a quick-fire return to the CLO market with a reset of its 2016 deal, Benefit Street Partners IX

CLO b-wic line-up: over $300 million of senior CLO paper goes on the block
Senior notes dominate the secondary market today as $306.5 million worth of triple A notes are up for grabs

Experienced anchor CLO investor Bates joins Flat Rock
Shiloh Bates, a well known control CLO equity investor, has resurfaced at Flat Rock Global

Benefit Street hits a turn in the road, pricing its first CLO re-issue transaction
Benefit Street Partners has entered the burgeoning CLO reissue space, according to market sources

New York manager issues its first new CLO of the year via Wells Fargo
The manager has priced its first new CLO of 2018, according to market sources

Benefit Street starts marketing $509.5 million new issue CLO
Benefit Street Partners is marketing its first CLO transaction of 2018, according to market sources

JP Morgan prices $436.7 million refi for New York CLO manager
The refi is the manager's seventh transaction on the US CLO market to price this year

US CLO round-up: vacation time is over as CLO market bursts into life
The US primary issuance market is slowly coming to life and this week two new issues, two resets priced and one refi has priced, contributing $2.6 billion to CLO supply this week.