Four managers eye breakthrough new issue European CLOs
The European primary CLO market is showing signs of revival with four managers eyeing deals

Unique CLO upsizes to $22 billion
The world’s largest CLO has more than doubled in size to total a whopping $22 billion

Palmer Square becomes third manager to tout special static sell-off CLO
Palmer Square Capital Management is the latest manager to unveil a forthcoming static CLO to make good from the loan market's sell-off following the coronavirus outbreak

CIFC pushes European CLO spreads to new tights
CIFC Asset Management’s second CLO in the European market, CIFC European Funding CLO II, has set a new benchmark for the year as triple A spreads move tighter to 90bp with a cost of debt of 165.6bp.

AGL prices largest five-year CLO so far in 2020
AGL Credit Management has priced the largest new money CLO of 2020 with five years of reinvestment

Davidson Kempner hires ex-Barclays convertibles research head
DavidsonKempner, the investment management firm, has hired the former head of European and Asian convertibles research at Barclays to manage convertible bonds in its London office

CVC resets 2016 US CLO
CVC Credit Partners joined Credit Suisse Management in resetting a 2016 vintage US CLO via Barclays on Friday

CSAM repeats tested formula with largest CLO reset of 2020
Credit Suisse Asset Management returned to the CLO market on Friday after teaming with Barclays to price a reset of its 2016 vintage US CLO, Madison Park Funding XXII

CLO pipeline: make some noise for repricings
CLOs may be a bit late to the spread-tightening party, but a hoard of CLO repricings is aiming to make up for it by sheer volume

US CLO league tables: old deals get a fresh start in the new year
The majority of CLO issuance last month was in all forms of repricings, which totalled $4.8 billion and accounted for 54.5% of US CLO volumes

Invesco is first manager to refinance late 2017 CLO
Invesco yesterday became the first CLO manager to refinance a deal that priced in the second half of 2017, according to market sources

Short-dated deals are Man's best friend, but long-awaited GLG CLO prices wide
Man GLG has priced its first new issue CLO in Europe since September 2018

Wind blows against UK credits after Brexit day bluster
After all the Friday fanfare of the UK’s exit from the European Union, Brexit-exposed credits are quietly heading wider at the start of this week, against the general tightening trend

KKR goes for three years of reinvestment to capitalise on steep CLO term curve
KKR Credit has priced the first three-year CLO of 2020 as the manager looks to capitalise on a steeper term curve

CLO pipeline: Medalist ascends podium as new issues pace themselves
CLO managers are biding their time before re-entering the primary CLO market, but this week Investcorp Credit Management, KKR and Medalist Partners are marketing new issue US CLOs

GLG prepares euro CLO comeback with rare short-dated deal
Man GLG is set to tap the European new issue CLO market for the first time since September 2018

CLO syndication specialist leaves Barclays
A managing director on the CLO syndicate team has left Barclays after over 11 years

Investcorp lines up new CLOs on both sides of the Atlantic
Investcorp Credit Management is gearing up to price new issue CLOs in both the US and Europe, according to market sources

Euro CLO league tables: new issues shatter 2018’s record but total issuance falls
The European CLO market continues to grow at a record shattering pace with 2019 new issuance volumes totalling €29.8 billion, an 8% increase on 2018’s previous record figure, from 53 active managers

US CLO league tables: CSAM makes it three in a row as Citi completes a clean sweep
The US CLO market suffered a drop in volume last year with $149 billion of issuance, down 43% on 2018’s $262.5 billion. But the heavy slump was not across all forms of CLO pricing, as new issues once again crossed $100 billion and only suffered a 6.5% fall

CBAM plans expansion with new $60 million credit facility
CBAM has closed a $60 million credit facility to refinance a working capital facility to its parent company Eldridge Industries

York closes out 2019 with $402.8 million new CLO
York Capital Management wrapped up its 2019 CLO issuance with a final deal of the year on 20 December

CLO 2020 outlook: lower volumes predicted, but it’s not all bad news
US CLO issuance is expected to drop by roughly 20% next year, according to bank research desks. This comes after a solid 2019 in which $101 billion of new US CLOs have priced through 92 managers, as Creditflux goes to press

CLOs wrestle back control of the European loan market
The share of European loans bought by CLOs is now larger than those acquired by loan managed accounts and hedge funds, according to a research paper by Barclays.

Global CLO league tables at a glance - November 2019 YTD
Global CLO league tables at a glance - November 2019 YTD