Global CLO trading lab: Seasoned equity prices lag as debt spreads level out
The CLO secondary market took a back seat to the surging primary market in August and September with secondary US CLO volume accounting for just 3.7% and 4.2% of the total US CLO market (primary and secondary volumes). But opportunities are there in CLO equity tranches

New issues take a backseat as US CLO market absorbs three resets and a refi
CLO primary market activity was briefly diverted away from heavy new issue supply on Thursday and attention turned to resets and refinancings, with four deals printing in total

Benefit Street scores new $505 million CLO
Benefit Street Partners teamed up with Morgan Stanley on Friday to print a new $505 million CLO named Benefit Street CLO XXIV

Neuberger Berman, Sculptor and First Eagle tap CLO refi market
Three CLO managers refinanced 2019 CLO paper worth a total of $1.44 billion on Friday

Napier Park prints third new US CLO of the year
Napier Park Global teamed up with Bank of America on Thursday to issue its third new CLO of 2021

Elmwood, LCM and MJX each print new issue CLOs
Three CLO managers - Elmwood Asset Management, LCM Asset Management and MJX Asset Management - came to market with new issue CLOs on Wednesday

Three CLO resets from Natixis grow market $450 million via upsizings alone
Natixis has priced CLO resets for Benefit Street Partners, Onex Credit Partners and Voya Investment Management that include big upsizings, with the combined total amounting to $455.1 million of additional CLO paper

Sound Point new US CLO gives echo of June reset
Sound Point Capital Management has issued its third US CLO of the year, in the process demonstrating how spreads have barely moved since late June

Assured dons classic CLO attire as it prints US deal
Assured Investment Management has gone for the classic look, pricing a deal that bears many of the hallmarks of the archetypal CLO structure

US CLO pricing lab: expensive legacy deals take priority as two-three year point on term curve tightens
The US CLO market may have gapped out in recent weeks, but expensive 2019 and covid-era CLO refis and resets are still in the money

AGL and Partners upsize legacy CLO deals with resets
AGL Credit Management and Partners Group each priced a CLO reset on Monday, with both firms opting to upsize their legacy deals in the process

Prolific 2020 US CLO issuer resets triple As at 117bp
Bain Capital Credit, which issued five US CLOs last year, has got round to reworking the first of these by resetting Bain Capital Credit CLO 2020-2

First Eagle lands new CLO with triple As at 115bp
First Eagle Investment Management printed its third new CLO of the year on Thursday, placing the deal's triple A notes at 115 basis points over Libor

PGIM and Sculptor add to CLO reset wave
PGIM and Sculptor Capital Management have thrown their hats into the CLO reset ring

Marble Point defies Q2 CLO spread widening but double Bs edge wider in new deal
Marble Point Capital Management has produced its second new US CLO of 2021 as junior CLO spreads edge wider. But the CLO has priced its debt tighter than its previous deal, defying a general move wider in the last three months

JP Morgan prints CLOs for CarVal and Western
JP Morgan has issued new CLOs for CarVal CLO Management and Western Asset Management Company

Alcentra and Octagon each reset 2019 CLOs
Alcentra and Octagon Credit Investors each reset a 2019 CLO on Thursday, with the two transactions totalling $861.3 million

CLO pipeline: all-time CLO issuance records come under threat
14 new issues in US and three European new CLOs look to price in the coming weeks

US CLO triple As and mezz move out of sync as Fidelity and Voya refi
Triple A and mezzanine CLO tranches told different stories yesterday as two US CLOs, with very different profiles, refinanced

Global CLO pricing lab: let’s all point at that 108bp print while spreads leak out
The tsunami of CLO paper coming to market is the biggest technical factor causing spreads to widen, according to sources

Mid market CLO league tables: BlackRock takes new issuance lead with unusual deal via Morgan Stanley
BlackRock became the third mid market CLO manager to price two new issues this year and in doing so took the lead from Golub Capital in mid market CLO new issue league tables

Aegon and ICG partner with Citi for US CLO resets
Aegon USA Investment Management and Intermediate Capital Group each teamed up with Citi on Thurdsday to print a CLO reset

Axa IM prints first new CLO of 2021
Axa Investment Managers priced its first new CLO of 2021 on Tuesday, teaming up with Natixis to issue the deal

TCW resets 2020 CLO for a second time
TCW Group completed a historic transaction on Monday by resetting a post-covid CLO for a second time, according to market sources

Global CLO pricing lab: investors get over fatigue and embrace reset roll over
The demand for CLOs is showing no signs of slowing down after the market had experienced some fatigue at the end of the first quarter and into the second. In the last two weeks, there have been 47 CLO transactions across all forms of pricing in the three markets; led by 18 US CLO new issues