Golub's 2022 CLO volume passes $4 billion mark
Golub Capital Partners' 2022 CLO issuance volume crossed the $4 billion threshold on Friday as the manager priced its seventh new issue

Identity of sellers emerges as CLO equity blocks change hands
Two majority equity positions have changed hands in the secondary market over the last two days, with details behind the cover price and sellers coming to light 

Three control CLO equity positions hit market with another to follow
Three anchor US CLO equity positions were listed on the secondary market yesterday in what was a busy day for investors

Beneath the triple C: US CLOs take a dip in the triple C as Europe watches from the sun lounger
The US CLO market bore the brunt of downgrades to triple C in July and August, with a total of $6.22 billion of paper affected. European CLOs enjoyed a more relaxing summer holiday, with only 1 name representing €33.88 million worth of bonds downgraded to triple C.  

Global CLO league tables - August 2022 YTD
Global CLO league tables - August YTD

Secondary CLOs stand firm as credit markets take a hit
Macro weakness is seeping into credit with CDS indices gapping wider and US loans suffering a setback after dropping below 95 points this week. Traders say the CLO secondary market has reflected this turn in sentiment, with did-not-trades racking up – although spreads have held up better than other parts of the credit market

Oaktree prints new CLO with 235bp triple As at wides for five-year CLO
Oaktree Capital Management priced a new CLO on Wednesday with triple A notes yielding Sofr plus 235 basis points

Global CLO league tables - July 2022 YTD
Global CLO league tables - July YTD

Irradiant splits US CLO triple A tranches with two non-call periods
Irradiant Partners issued its first US CLO of the year today via Goldman Sachs with a longer non-call periods for one of the triple A tranches

Making the grade: CLO managers move into IG bonds
CLO managers have been using the incredible volatility in credit markets this year to add an unfamiliar asset to their portfolios – investment grade bonds

US CLO triple As reach 225bp as CIFC prints sixth deal of the year
CIFC Asset Management printed its sixth US new issue of the year yesterday, pairing with Morgan Stanley on the $392.3 million transaction

Nuveen and Ares print fourth US CLOs of 2022
Ares' CLO feature four triple-A rated tranches and Nuveen's deal is structured to comply with European risk retention

CBOs return as Anchorage second deal takes year's tally to three
Anchorage Capital on Wednesday priced the third US CBO of the year, with outflows from the high yield market having prompted CLO and bond-flex CLO managers to step in to try to take advantage of deeply discounted bond prices

Global CLO league tables - June 2022 YTD
Global CLO league tables - June YTD

US CLO league tables: Heavyweights knock deals out as familiar faces stay top
In June 25 managers braved the US CLO market, among which only Columbia Management priced its first deal of the year

Quarterly rankings: Carlyle climbs to top of pack with CBAM boost
Carlyle Group has cemented itself as the largest manager globally, following its acquisition of fellow CLO manager CBAM

Natixis makes structured credit promotions after key figure departs
Natixis has responded to the departure of its co-head of global structured credit, solutions and credit trading, by making several promotions

Beneath the triple C: ebbs and flows leave triple C levels at a temporary stasis
Following a rising tide of downgrades in May the loan market stabilised somewhat in June, with seven issuers held by CLOs downgraded to triple C and a counter-swell of five names upgraded to single B.

CLO pipeline: large managers defy loan drought to keep market moving
US CLO senior spreads may have blown out to 180-190 basis points over Sofr for five-year deals, and even wider for short-dated new issues, but that will not stop the market from soldiering on

2022 mid market CLO volume hits $5.5 billion as Blue Owl prints new issue
Middle market CLO volume for 2022 rose to $5.5 billion on Friday as Blue Owl Capital priced its first new issue in over 12 months

Global CLO league tables - May 2022 YTD
Global CLO league tables - May YTD

US CLO league tables: Massive Octagon CLO keeps BofA in lead as top managers tap new issues
For the second straight month, the US CLO market issued $12.5 billion of paper. But unlike April, which was all new issuance, May had one refinancing and the first reissue in the market since October

Beneath the triple C: CLOs take first knock since covid scrapes
CLO managers have been hit by a number of loan downgrades to triple C for the first time since the wave of pandemic-related cuts trickled to a halt in early 2021. Companies indirectly linked to the health sector suffered most in May 

Weekly new CLO volume hits $2.3 billion with Trinitas US deal
Trinitas Capital Management, the CLO manager arm of Whitestar Asset Management, has become the sixth manager to price a new US CLO this week, bringing weekly supply to $2.3 billion

Let's play the Great CLO B-wic Price Drop
When CLO liquidity is weak, sometimes you have to take matters into your own hands. That's what happened last week as part of a novel auction set up by a CLO investor