Loan slump brings managers closer

Voya prices first new issue US CLO of 2020
Voya Alternative Asset Management priced its first US new issue CLO of the year on Friday

OC health check: second European 2.0 CLO reports junior OC breach
33 deals reported overcollateralisation (OC) breaches last week in a relatively quiet reporting period.  314 deals are now reporting OC breaches as of the latest report, according to CLO-i.

CLO double Bs go on late night b-wic as spreads tighten sharply
Investors are piling into junior US CLO tranches as traders begin to see economic recovery following the pandemic

Kayne Anderson CLO trades high as double A investors factor in portfolio health
Demand for high quality mezzanine US CLO paper is picking up, according to trader sources, with the most sought after single As trading at about 425 basis points and the best triple Bs trading at 670bp towards the end of last week

US CLO issuers get pricing signals as triple As trade in secondary at 375bp
Would-be US CLO issuers were given an indication of pricing levels yesterday after a CLO that turns static in July hit the secondary market

Euro CLO league tables: Carlyle doubles down in February as 2019's leaders look on
Carlyle Group has jumped to the top of the European CLO manager league tables after bringing two deals to the market in February

Voya matches European CLO triple A tights and offloads single Bs
92 basis points is the spread to beat in Europe for triple-A tranches, as Voya Alternative Asset Management brought its third CLO on the continent, Voya Euro CLO III, via Credit Suisse

Voya reworks second CLO in space of two weeks
Voya Alternative Asset Management has reworked a second CLO in as many weeks, with the manager turning to BNP Paribas to refinance four tranches of Voya CLO 2014-2

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

Voya makes it four in a row with $603 million US new issue CLO
Voya Investment Management has notched up its fourth US CLO of 2019 to continue its remarkable record of producing a quartet of CLOs in calendar years

Voya prices short reset of its oldest active CLO from 2012
Voya Alternative Asset Management has brought back the three-year CLO reset, pricing the first of these short transactions since August

Voya teams with GreensLedge for the first time to produce $467 million CLO
Voya Alternative Asset Management teamed up with GreensLedge yesterday for the two firms' first CLO transaction as partnership

Voya cuts 35bp off 2016 CLO's funding costs following refi
Voya Alternative Asset Management has refinanced a 2016 CLO, cutting its funding costs by 35.01 basis points in the process

US CLO spreads edge tighter as Voya prints new issue via Citi
Voya Alternative Asset Management priced its second new US CLO of the year yesterday after partnering with Citi

Euro CLO league tables: May’s refinancings fall just shy of €1 billion
European CLO monthly issuance has stayed roughly level since February what has differed recently though is the volumes of all forms of refinancings.

Voya scores tightest refi print for a reinvesting CLO
Voya Alternative Asset Management yesterday took the unusual step of refinancing a single tranche of one of its CLOs

Global CLO round-up: new managers put down roots
Birch Grove priced its debut CLO this week while relative newcomers PPM (in the US) and Voya Alternative Asset Management (Europe) grew their CLO AUM.

Voya prices its second European CLO
Voya Alternative Asset Management priced its second European CLO yesterday, according to market sources

Voya markets second European CLO since crossing the Atlantic
Voya Alternative Asset Management is marketing its second European CLO known as Voya Euro CLO II, according to market sources

US CLO round-up: years fall off CLO market as it gets back to its old self
The CLO market is starting to look rejuvenated, with the dense pipeline having this week offloaded seven new broadly syndicated deals and one middle market deal as Creditflux goes to press – totalling $3.7 billion of new paper. 

Voya teams up with Jefferies for the first time to print short-dated CLO
Voya Alternative Asset Management priced a new issue CLO yesterday with a six month call-lock and a one year reinvestment period

Voya joins short list of managers to price a new issue CLO in December
Loan market volatility has led to a quiet month for CLO issuance, but yesterday Voya Alternative Asset Management joined the exclusive group of managers to issue CLOs in December 

US clothing brand default leaves CLOs exposed
As many as 100 CLOs are among the holders of debt issued by FullBeauty, which defaulted on 31 October on an interest payment to its $345 million second lien loans  

Voya drops loan triple As as it resets 2015 CLO via Natixis
Voya Alternative Asset Management has dropped the A1 loan component of its CLO 2015-3 as it reset the deal with a five-year reinvestment period and slightly bigger size