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

Angelo Gordon prices US CLO with make-whole on senior notes
Angelo Gordon has priced its first US CLO since the coronavirus outbreak, teaming up with Barclays to issue the $294.8 million Northwoods Capital CLO 22

Palmer Square becomes most prolific CLO issuer in 2020 and since March sell-off
Palmer Square Capital Management on Monday became the most prolific US CLO issuer following the coronavirus outbreak after pricing its third new issue since April

Five Arrows notches first new CLO of the year
Five Arrows Managers, the CLO management arm of Rothschild, has priced a short one-year CLO via Barclays

CLO double A-single A basis falls to just 10bp in 2.0 record
The basis between US CLO double As and single As has fallen to just 10 basis points – which is the lowest it has been since the financial crisis in 2008, according to Creditflux data

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

Former Barclays global CLO distribution head joins Nearwater
Barclays’ former head of global CLO distribution has landed at a risk retention financing firm as senior managing director in New York

US CLO league tables: light at the end of the tunnel as primary revives
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month

US CLO spreads set to tighten across the stack as CIFC targets 170bp triple A print
CIFC Asset Management is marketing its first new issue CLO of 2020 with price talk for the triple A notes pointing to a print of around 170 basis points - a new market tight since the coronavirus pandemic began

Oaktree gets off the mark with one-year reinvestment CLO
Oaktree Capital Management has priced its first US CLO of 2020, partnering with Barclays to produce a one-year reinvestment deal. The CLO has priced wide of where some three-year deals were being marketed, with Oaktree CLO 2020-1 printing its senior notes at 200 basis points

Static US CLO advocate prices one-year reinvestment deal
Palmer Square Capital Management on Friday priced a $437.9 million CLO named Palmer Square CLO 2020-1, according to market sources

AGL prices novel CLO with ability to reinvest would-be equity distributions
AGL Credit Management has become the fourth manager to issue a new CLO following the coronavirus-triggered sell-off

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

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

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

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

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