Octagon forgoes EU risk retention compliance with latest US CLO
Octagon Credit Investors teamed up with Wells Fargo on Friday to print its second new issue CLO of 2021

GoldenTree joins 2021's top five biggest CLOs with $707.1 million deal
GoldenTree Asset Management priced a $707.1 million CLO reset on Wedesday, catapulting the deal straight into the top five largest broadly syndicated loan-backed CLO transactions by volume for 2021

Morgan Stanley IM ups CLO pace with second new deal in four months
Morgan Stanley investment management has cranked up the pace of its new CLO formation by printing its second deal in just four months

Invesco flavours 2016 CLO vintage with single B notes
Invesco has priced a $553.6 million reset of 2016's Riserva CLO via Goldman Sachs, inserting a new single B-rated liability tranche into the structure in the process

Bain features triple B discount in third-tightest CLO post-covid
Bain Capital Credit priced its first CLO of 2021 on Monday, securing the third tightest funding costs for a five-year reinvestment deal post-covid in the process

CBAM joins JP Morgan on $407 million first new CLO of 2021
CBAM printed its latest CLO via JP Morgan on Friday, naming the deal CBAM CLO 2021-14

KKR US CLOs highlight sharp February rally as triple Bs move in by 60bp
KKR priced its largest CLO in almost three years on Friday, teaming up with Citi to issue the $607.6 million deal named KKR CLO 31

CIFC resets amortising CLO with $38.3 million upsize
CIFC Asset Management teamed up with Citi on Tuesday to reset a CLO in its amortisation period

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks

TCW scores tight with first CLO since Jefferies and Kennedy Lewis partnership
TCW Group has priced its first CLO since forming a strategic investment agreement with Jefferies and Kennedy Lewis

JP Morgan prices CLO refis for Fidelity and Sound Point
JP Morgan has priced CLO refinancing deals for Fidelity Investments and Sound Point Capital Management. The two deals total $872 million in volume

Trimaran prints first new CLO since October 2019
Trimaran Advisors has priced a new issue CLO via Credit Suisse named Trimaran Cavu 2021-1

US CLO league tables: AGL and JP Morgan topple leaders in new issuance, but Apollo and Citi maintain overall dominance
Only 13 months after setting up shop, AGL Credit Management vaulted itself to the top of the US CLO new issue league tables in 2020

PennantPark wraps up 2020 with second mid market CLO via GreensLedge and Capital One
New York-based direct lender PennantPark Investment Advisers priced its second CLO in late December, teaming up once more with GreensLedge and Capital One to issue the $300.7 million deal

2020 wrap: CLO funds bloom despite rocky ground
2020 was a busy year for CLO fundraising, with Creditflux recording at least 30 funds that launched over the 12 months to invest across the CLO capital structure

AGL prices five-year reinvestment CLO to reach $3.7 billion issuance in 2020
AGL Credit Management has reached $3.73 billion new issue CLO volumes for 2020 by pricing its seventh deal of the year, named AGL CLO 9

Global CLO b-wic round-up: Junior tranches rally amid heavy supply, including portfolio liquidation
The US CLO secondary market rally is showing no signs of slowing down after a week of over $1 billion worth of bonds was listed and well absorbed, according to market sources. The European market also had a roust week with over €300 million of paper up for grabs, although the market stayed generally flat with some tightening in double and single Bs

Mallinckrodt takes chapter 11 prescription as CLOs hold $650 million
CLO managers hold around $657.8 million debt of Mallinckrodt, a Dublin-headquartered biopharmaceutical company that has filed for chapter 11 protection in the US Bankruptcy Court for the District of Delaware

Relative value plays swell secondary
The secondary CLO market has been revived this year as volumes shatter 2019 totals. Investors are finding that secondary values outweighs that in primary, with the added bonus of full portfolio disclosure

Global CLO b-wic round-up: secondary CLOs rally but dispersion persists
The US CLO secondary market rallied, and spreads compressed last week, but there are still several outliers

Double B CLOs on downgrade watch up for grabs as market eyes tightening
CLO double B spread averages tightened 24.44 basis points on Wednesday, ending a 22-day widening streak. On Thursday, a b-wic of seven CLO double Bs goes live at 11am New York time and should clarify if spreads will tighten further

Global CLO b-wic round-up: secondary prices reach March levels
The Memorial Day bank holiday in the US and the late May bank holiday in the UK meant a short week for CLO trading, but that did not stop a good supply of US CLO triple A rated paper making its way to the secondary market

Bankrupt Hertz runs out of gas with CLOs holding $245 million
CLOs hold $245 million of Hertz’ debt as the US-based car rental company drives into bankruptcy protection, with the coronavirus panedemic putting brakes on the Estero, Florida-headquartered's firm car rental operations

Beneath the triple C: April showers send buckets overboard
Downgrade waves rocked the CLO market in April as Moody's and Standard & Poor's downgraded 135 corporate borrowers to triple C or below, from ratings above that level. The downgrades put CLOs in rough waters as $41.6 billion of such loans are prevalent in US CLOs while €5.64 are moored in European CLO portfolios – affecting 5.92% of the US market and 4.37% of the European market

Fair Oaks issues shares to buy more CLO debt after 50% equity tranche hit
Fair Oaks Capital has issued new shares on its CLO fund at a premium to its net asset value to capitalise on CLO debt, which it says “offers attractive risk-adjusted returns over the medium term”