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Four Euro CLOs emerge with target pricings as early as tomorrow
3 years ago
According to the latest marketing blasts, WhiteStar is targeting pricing tomorrow, Palmer Square and Cross Ocean are aiming for ‘as early as’ tomorrow and Five Arrows will aim for early-to-mid next week -
Mid market CLO issuance tops $7 billion with first AB deal of year
3 years ago
Middle market CLO issuance for 2022 surpassed $7 billion on Friday after AB priced its first mid market new issue of 2022 named ABPCI Direct Lending Fund CLO XI -
Apollo invests $1 billion in IG CLOs, launches secondary solutions platform and cuts BDC fees
3 years ago
In its earnings call, Apollo highlighted the resilience of the CLO asset class, strong deployment in direct lending, upcoming reduction in management fees for its publicly traded BDC and the launch of a new secondaries and sponsor solutions platforn, seeded by Abu Dhabi Investment Authority -
CLO pipeline: only way is up after tier one price talk hits new wides
3 years ago
There is a build up of nine deals in the US CLO pipeline as the market heads to a CLO conference in Las Vegas. -
Euro CLO seniors firm up, but mezz widens as Jefferies prints Spire new issue and CSAM reset
3 years ago
Jefferies has expanded its European CLO arranging lead as senior spreads remain in line with recent deals, mezz appears to have leaked slightly wider and deals continue to feature capped tranches -
Twosday: Neuberger Berman and PGIM price second deals of the year on palindrome date
3 years ago
Neuberger Berman and PGIM made quick returns to the primary US CLO market yesterday after 1.1 and 0.6 months away, respectively -
Aegon scores tight print with first new issue US CLO of 2022
3 years ago
Aegon USA Investment Management made a return to the new issue US CLO market on Wednesday, according to sources -
Blackstone resets 2019 CLO at huge $736 million
3 years ago
Blackstone Credit has priced a $736 million reset of its 2019 CLO Beechwood Park -
HPS resets 2017 CLO bought from Bardin Hill
3 years ago
HPS Investment Partners has reset and upsized a 2017 CLO it acquired from Bardin Hill Investment Partners in 2021 -
Neuberger Berman refis 2019 US CLO with fixed rate triple As
3 years ago
Neuberger Berman has teamed up with BNP Paribas to refinance the entire capital stack of its 2019 CLO named Neuberger Berman Loan Advisers CLO 34 -
Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
3 years ago
Over the last two weeks, $2.8 billion of US CLOs and €640 million of European CLO paper have appeared on b-wics, with equity making up 33% and 40% of the respective markets -
Bain navigates market volatility with new US CLO
3 years ago
Bain Capital Credit priced its first Sofr-linked CLO on Thursday, despite a backdrop of sharply widening credit markets -
JP Morgan prints Palmer Square and Neuberger Berman Euro CLO new issues
3 years ago
JP Morgan brought just over €800 million of European CLO paper to the market on Thursday, partnering with two of the market's newer managers Neuberger Berman and Palmer Square for new issues -
Sound Point resets second Euro CLO with triple As to 93bp
3 years ago
Sound Point has teamed up with Credit Suisse to rework its second European CLO, resetting the deal and shaving 18.6 basis points off the CLO’s cost of debt -
Redding Ridge upsizes 2019 CLO by $321 million
3 years ago
Redding Ridge on Wednesday reset its 2019 CLO named RR 7 via Mizuho, greatly upsizing the transaction -
CSAM and KKR make structural changes to 2019 CLOs with refis
3 years ago
Managers priced more than $1.1 billion of CLO refinancings on Tuesday as Credit Suisse Asset Management and KKR turned legacy deals from 2019 into Sofr-based transactions -
Octagon to switch 2019 CLO to Sofr and upsize by $137 million
3 years ago
Octagon Credit Investors is set to upsize a 2019 CLO by $137 million as it plans to reset the deal next week, transitioning the structure to pay its liabilities off Sofr in the process -
Carlyle refinances whole stack of 2019 CLO
3 years ago
Carlyle Group has teamed up with Bank of America to refinance the entire capital stack of Carlyle US CLO 2019-2 -
CVC shakes up structure with Apidos CLO reset
3 years ago
CVC has reworked the capital stack of a US CLO it signed last year, with a reset that shaves pricing but also shifts the size of tranches -
Barings prices short-dated reset of 2016 CLO
3 years ago
Barings priced a reset of Barings 2016-II last night, according to market sources, and opted for a short-dated 2.1 year reinvestment period -
Three managers think alike with refis of two-year European CLOs
3 years ago
Three European CLO managers hit the primary market on Friday to print two-year refinancings. This deal profile has been popular of late with seven such deals pricing in little over a month -
Morgan Stanley IM resets former Eaton Vance CLO from 2020
3 years ago
Morgan Stanley Investment Management has reset a CLO formerly managed by Eaton Vance before its acquisition -
Napier Park resets 2020 Euro CLO for five years
3 years ago
Napier Park has reset its 2020 European CLO, Henley CLO III, with Greensledge and NatWest partnering to upsize and inject the CLO with a fresh, full five-year reinvestment period -
Barings prints Euro CLO double Bs at widest levels of 2021, but seniors hold firm
3 years ago
European CLO mezzanine tranches widened on Friday with Barings’ latest European CLO new issue as November issuance passed €5 billion -
Signal Peak takes CLO scorecard to 10
3 years ago
Signal Peak Capital Management (Orix Advisers) has priced a US CLO, its first new deal since July, at $407 million
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