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

CVC's European CLO 2021 volume rises to €3.5 billion with new issue
CVC Credit Partners has taken its European CLO issuance year-to-date to over €3.5 billion, teaming up with Barclays on new issue CVC Cordatus Loan Fund XXI

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

US loan managers capture secondary opportunities as new issues struggle
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June

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

Coronavirus tiers up old ranking script
Forget everything you thought you knew about CLO manager tiers. Apollo and Blackstone are mainstays, but smaller, more nimble issuers are finding new ways to stand out from the crowd

BofA bumps up Euro CLO refi/reset forecast as CVC and CBAM rework 2020 deals
Bank of America analysts revise forecasts of European CLO refinancing and reset volumes this year by €15 billion, as CBAM and CVC become the latest to rework deals

CLO triple As drip wider in Europe as CVC prices refi in line with recent new issues
European CLO refinancing triple As have widened with CVC’s Cordatus Loan Fund XIV the latest to price.

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

Euro CLO league tables: out with the old, in with the new as Jefferies leads way
Despite being a newcomer to the European CLO market this year, Jefferies has taken the market by storm and leads the way in overall European CLO issuance

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

CVC pairs with Goldman to market Euro CLO refi
CVC is pairing with Goldman Sachs to refinance a 2017 European CLO, in a deal that will merge some of the original asset classes

European senior mezz hits tights as CVC resets CLO
CVC Credit has reset its 2017 European CLO CVC Cordatus Loan Fund VIII, with the deal highlighting tightening of spreads in upper mezzanine tranches

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

Record-breaking Apollo and Blackstone European CLOs make first distributions
Two 2020 CLOs managed by Blackstone Credit and Redding Ridge (Apollo) that set equity cover records in the secondary CLO market earlier this year have made their first payments

Mezz narrows as CVC prices tightest Euro CLO since February
CVC Credit Partners has priced its latest European CLO with the tightest funding costs since mid-February

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

CVC cuts cost of debt by 17.5bp with Euro CLO partial refi
CVC has teamed up with Jefferies to partially refinance its 2018 vintage European CLO, CVC Cordatus Loan Fund XII, cutting its cost of debt by 17.5 basis points

European CLO leverage hits double-figures
European CLO leverage has increased this year, from an average of 9.4 debt-to-equity in 2020 to 10.3 times in 2021, according to Creditflux data.

Barclays pulls levers as CVC resets and GoldenTree CLO surpasses Spire leverage
Barclays added to its arranging volume on Friday as GoldenTree Asset Management priced the market's highest levered European CLO

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

Alcentra, BlackRock and CVC refi €1.5 billion of European CLO paper
Deutsche Bank arranged the transactions for BlackRock and CVC while Morgan Stanley arranged partial refinancings for three of Alcentra’s deals