Antares and Palmer Square give new life to legacy CLOs via resets
Antares Capital Management and Palmer Square Capital Management each reset a CLO on Tuesday, with the two deals worth a combined $964.8 million

US CLO league tables: Palmer Square stands tall in land of the CLO giants
The US CLO market has extended its run of incessant issuance with October having added $39.98 billion of CLO paper to the year’s tally, making it the second most productive month this year for overall and new issue volumes

These CLO docs could be better
It seems there’s not much to worry about if you’re in the CLO market. In Creditflux’s CLO Census, voters said docs should follow a template as Jefferies, AGL and Hayfin emerge as rising stars

CLOs at a glance (November 2021)
A listing of CLOs that have priced in the last month

Global CLO trading lab: bank sells $834 million triple As in quarterly reallocation as hedge fund trades CLO equity
Thursday’s secondary CLO market was the busiest of 2021, with over $1 billion of US CLOs on offer. This featured an enormous b-wic worth $834.3 million, where sources have told Creditflux of the bank behind the aucton. While a large credit hedge fund is said to have sold out of control CLO equity 

Palmer Square becomes largest CLO issuer of 2021 after $1bn deal
Palmer Square Capital Management has leapfrogged its competitors to become the largest US CLO manager by volume in 2021 after printing its second billion dollar deal of the year

US CLO league tables: CSAM and JP Morgan reign supreme after record month
The US CLO market set a record in August as $17.6 billion of new issues priced, beating the previous record set in March 2015 when new issues accounted for $15.5 billion

2020 CLOs find redemption is sweet
The believers have been vindicated with 2020 CLOs among the best-performing of all time by IRR. Even those that have been reset have been a success with par flushes making for huge equity distributions.

US CLO league tables: CSAM and JP Morgan refi run leaves rivals behind
Credit Suisse Asset Management and JP Morgan have been leading the US CLO manager and arranger league tables, respectively, since the start of the year. And the two CLO giants are showing no signs of letting up

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

US loan managers capture secondary opportunities as new issues struggle
US loan managers switched gears by sourcing loans in the secondary market in the second quarter. This came as pricing in the primary market became less attractive in the early part of Q2 and with new loan issuance slowing in May and June

CLOs at a glance (July 2021)
A listing of CLOs that have priced in the last month

Palmer Square tops new issues with 2021's first $1 billion CLO
Palmer Square Capital Management on Thursday priced the largest new CLO of the year with the $1 billion Palmer Square Loan Funding 2021-3, also becoming the US manager with most new issue volume this year

US CLO league tables: CIFC makes big leap but CSAM and JP Morgan retain leads
There has been no change atop the US CLO league tables, but Credit Suisse Asset Management’s and JP Morgan’s leads are dwindling

Mezz tightens as Palmer Square and Wells Fargo unite on CLO new issue for first time
Palmer Square Capital Management and Wells Fargo united on Wednesday to print their first ever new issue CLO as a partnership

CLO pipeline: Deutsche Bank and Carlson hit comeback trail
The CLO market is preparing to be very active in the coming weeks, as the issuance slow-down is set to be in the rear view mirror

CLO pipeline: European new issues set to resume but managers seek pricing stability
The CLO pipeline is heavy with reworked deals - and anticipation - as 14 US CLO and one European CLO refinancings feature, along with nine US CLO and six European CLO resets

Credit funds at a glance (April 2021)
A round-up of fundraising and people moves

Mezz moves tighter than senior notes as Palmer Square refis bond-flex CLO
Palmer Square Capital Management has teamed up with GreensLedge to refinance its sole bond-heavy CLO transaction from 2019

Static CLO funding costs shrink to lowest since 2018 as Palmer Square issues
Palmer Square Capital Management issued a static CLO transaction on Tuesday, with funding costs of just 118.33 basis points over Libor

Palmer Square prices first CLO with Morgan Stanley
Palmer Square Capital Management has teamed up with Morgan Stanley to print a new CLO for the first time

US CLO league tables: deja vu as static CLO gets primary market moving
It's deja vu all over again with a static CLO opening the primary market for the third consecutive year

CLO pipeline: snow business like the CLO business
CLO issuers are putting aside the cold snap and are warming up with a flurry of deals.

US CLO league tables: AGL and JP Morgan topple leaders in new issuance, but Apollo and Citi maintain overall dominance
Only 13 months after setting up shop, AGL Credit Management vaulted itself to the top of the US CLO new issue league tables in 2020

Global 2020 CLO league tables
Global 2020 CLO league tables