The Last Tranche with CVC's Bergstresser: CLO market will continue to function amid Ukraine crisis
In this episode of the Last Tranche, CVC Credit Partners partner and global head of performing credit Gretchen Bergstresser discusses the impact of Russia's invasion of Ukraine on the global loan and CLO markets

Global CLO trading lab: Payments season prompts equity to surge but short-dated bonds trade low
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

Global 2021 CLO league tables
Global 2021 CLO league tables

CLOs prove resistant to omicron in boost for new issue market
The CLO market has withstood the impact of the omicron coronavirus variant with barely a dent on CLO liability pricing

CVC shakes up structure with Apidos CLO reset
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

Global CLO league tables - Nov 2021 YTD
Global CLO league tables - Nov 2021 YTD

CLO managers join forces as they line up behind SFDR
A plethora of European CLO managers have teamed up with regulatory reporting provider FinDox to form a working group focused on Sustainable Financial Disclosure Regulation (SFDR), sources tell Creditflux.

CVC prices US CLO tight with 159.08bp cost of debt
CVC Credit Partners has priced a new CLO paying just 159.08 basis points weighted across the capital stack

US CLO pipeline: Go long! Refis fall from favour as AMMC looks to join list of 2021 issuers
The only record left to fall this year in US CLOs is 2017’s refinancing total of $102.8 billion with the market $6.3 billion shy. Yet this segment shows little interest to break more records with the pipeline filled with new issues and resets as longer tenured deals are preferred.

US CLO pipeline: 33 new issues enter market with historic CLO records on the verge of shattering
The US CLO market is running as hot as it has all year with a whopping 33 managers marketing new issues CLOs, according to market sources

CVC prints triple As at 115bp in new US CLO
CVC Credit Partners issued its third new US CLO of the year on Tuesday, printing its triple A notes at just 115 basis points over Libor

Global CLO league tables - Aug 2021 YTD
Global CLO league tables - Aug 2021 YTD

Global CLO league tables - Jul 2021 YTD
Global CLO league tables - Jul 2021 YTD

CVC scores month's tightest US CLO
CVC Credit Partners priced its latest CLO on Wednesday via Citi, scoring the tightest debt execution in July

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

CVC scores tightest CLO refi print since April
CVC Credit Partners refinanced its 2017 CLO named Apidos XXVII on Tuesday, scoring the tightest triple A refi print since early April of just 93 basis points over Libor

CLOs at a glance (June 2021)
A listing of CLOs that have priced in the last month

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

CVC cuts triple-A costs with $578 million refi of 2019 CLO
CVC Credit Partners has teamed up with Goldman Sachs to refinance its 2019 CLO named Apidos XXXI

Global CLO trading lab: secondary volumes inflate and easily get absorbed
Weekly secondary CLO volume has been lower across the capital structure in recent weeks as 2021’s refinancing wave left investors with plenty of choice

Beneath the triple C: CLOs benefit as upgrades make for lighter triple C buckets
For the first time since the sell off in March last year, downgrades to triple C have come to a near-standstill

2012 and 2019 US CLOs get new lease of life as Barings and CVC hit reset
CVC Credit and Barings each tapped the CLO reset market on Friday, bringing total US reset volumes for April up to $4.15 billion

Four managers print $1.5 billion CLO refis
Four CLO managers - CVC Credit Partners, CarVal Investors, Ellington Management Group and Neuberger Berman - each priced a CLO refinancing transaction on Friday

US CLO triple As tighten reach 105bp as CVC registers lowest funding costs since March 2018
CVC Credit Partners brought the CLO market to new tights on Tuesday after pricing its triple A notes at just 105 basis points over Libor

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