Euro CLO league tables: Barclays heads close race for new issues
Bridgepoint became the fifth European debut manager in 2020 when it teamed up with Barclays to price Bridgepoint CLO I on 13 November. The €301.85 million deal featured triple A notes at 121bp over Euribor, 11bp wide of market tights

Invesco completes first European CLO since February
Invesco has printed its first CLO in Europe since the March sell off, teaming up with Barclays to issue the €305.4 million deal named Invesco Euro CLO V

European triple As tighten to 106bp with CVC benchmark CLO
CVC Credit Partners priced its latest European CLO on Friday, securing the tightest triple A print since the March sell off

CLO pipeline: LCM switches arranger to complete deal and join issuance surge
Over $3.5 billion of global CLO issuance priced last week and managers in all three CLO markets are taking advantage of tightening spreads across the capital structure after three major covid-19 vaccine breakthroughs and increased confidence since the US presidential election

CVC markets four-year Euro CLO from post-covid warehouse
CVC Credit Partners is marketing a European CLO with a four-year reinvestment period, having originated the deal from a warehouse it opened in October

CLO double Bs rally as Bridgepoint prices debut European CLO
Bridgepoint has become the fifth debut European CLO manager in 2020 with the manager pricing Bridgepoint CLO I today via Barclays

Global CLO league tables - October 2020 YTD
Global CLO league tables - October 2020 YTD

Bridgepoint closes in on CLO debut after wrapping up EQT deal
Europe’s CLO market looks set to welcome its fifth debut manager in 2020

Sculptor returns to European CLO market after 14-month absence
Sculptor has priced its first European CLO of the year via Barclays. The deal brings CLO issuance in October so far to a strong €2.4 billion and year-to-date issuance to just over €17 billion

CLO pipeline: managers prepare to end quarter with a bang
CLO issuance is showing no signs of slowing down as spreads continue to grind tighter and election day draws ever closer

Fair Oaks sprints its way to second European CLO in four months
Fair Oaks Capital has priced its third European CLO transaction and second in four months, according to market sources, with the London-based manager opting for a print-and-sprint route for this deal.

Euro CLO primary spreads hit new tights as BlackRock prices first 2020 deal
European primary CLO spreads have finally begun to tighten, as BlackRock today printed triple A notes on BlackRock CLO X at Euribor plus 120 basis points

CLO pipeline: managers large, small and new ready to price in post-Labour Day surge
US managers are preparing a wave of new issue CLOs in the coming days, as the usual post-Labour Day pricing surge comes to fruition even in this most unusual of years

BlackRock plans first European CLO of 2020
Barclays has begun marketing its second European CLO in September with the bank arranging a deal for a large asset manager

Fair Oaks markets third European CLO
Fair Oaks Capital is marketing a third European CLO, Fair Oaks Loan Funding III, just five months after pricing its second deal

Barclays increases European loan and CLO issuance forecasts
Barclays has increased its European leveraged loans issuance expectations due to “better than expected recovery in issuance from M&A and LBO activity”, while its European CLO 2020 issuance forecast increased to  €15 billion-€18 billion, up from a previous estimate of €12-15 billion

Euro CLO league tables: Apollo blasts its way to top spot
July marked the largest month of European CLO issuance since coronavirus pandemic-induced volatility hit financial markets

Global CLO league tables - July 2020 YTD
Global CLO league tables - July 2020 YTD

Five Arrows prices same-day CLOs in US and Europe for first time
Five Arrows Managers broke new ground on Friday after pricing two CLOs on one day for the first time in its history

CBAM prices second European CLO with triple As at 159bp
CBAM priced its second European CLO on Friday evening via  Barclays

European CLO spreads tighten across stack as Oaktree prices new issue
Oaktree Capital Management broke European CLO market records yesterday by pricing the tightest new issue transaction amid the coronavirus pandemic

Oaktree markets first 2020 Euro CLO via Barclays
The €300 million deal, named Arbour VIII, is expected to price in the week beginning 13 June

CBAM markets second European CLO just 21 days after debut
CBAM, who debuted in European CLO management just earlier this month, has become the first manager to market a second Eurpopean CLO post covid-19

CLO and distressed fund recovery disparity could grow, say Barclays
CLO investors should apply a haircut to the $55-60 loan recovery range to better estimate recoveries in CLO models, as the disparity between how distressed debt funds and CLOs extract value in a loan restructuring is expected to widen

Ellington European CLO still on table despite scrapped warehouse rating
DBRS Morningstar has discontinued ratings on the warehouse line backing the launch of Ellington Management’s debut European CLO, but sources say the CLO is still going ahead