Angelo Gordon refinances CLO that turned heads with step-up structure
Triple-A investors in the Northwoods Capital XII-B reissued step-up tranche had a great run, but have now be refinanced

Blackstone prints new US BSL CLO at 135bps
Blackstone priced a new US BSL USD 509.3m CLO with triple-As at 135bps over SOFR

Cerberus secures major tightening with mid-market refi
Middle market CLO specialist Cerberus priced its first refi deal of the year after three new-issue offerings

Private credit default rate rises sharply, according to new report
The second quarter of 2024 saw a further increase in the default rate for US middle market companies, according to legal firm Proskauer's latest report

Angelo Gordon adds fresh equity for 2018 CLO reset
Angelo Gordon’s latest reset of a 2018-vintage CLO saw a huge equity injection. The deal was originally a reissue of a 2014 deal.

Fund performance
CLO funds dominate again as they take 18 spots in top 30 list

AMMC refinances 2022 vintage CLO
American Money Management Corporation has refinanced a 2022 vintage CLO, knocking 20bps from the senior spread

Unusual Golub CLO sees huge upsize
Golub Capital concluded last week with the reset of an unusual static middle market deal – a US CLO with a rare euro-denominated tranche

2020 vintage MM CLO gets a reset
PennantPark has priced its third middle-market CLO offering of 2024, a reset of a 2020-vintage CLO that was the manager’s second transaction

Ares refinances 2019 vintage CLO
Ares CLO Management on Friday refinanced Ares LIV CLO, a 2019 vintage US BSL CLO

Octagon refis 2019 vintage CLO
Octagon Credit Investors has refinanced the top four tranches of Octagon Investment Partners 43, a half-billion dollar deal from 2019

RBC arranges two new US deals part one - Octagon 63
Octagon Credit Investors has priced its second new CLO of the year – and its fifth deal overall in 2024

Golub resets 2019 vintage middle market CLO
Golub Capital Investment Management reset Golub Capital Partners CLO 46 last week

Shenkman refis three tranches of 2015 vintage BSL CLO
Shenkman Capital Management has refinanced three tranches of a BSL CLO from 2015. CIBC was the sole arranger of the refi.

Golub keeps up the pace with big static BSL CLO
Golub has returned to the market with another typically sizeable offering, adding the fifth-largest deal of the year to their portfolio 

Largest new-issue CLO since 2017 prices
Golub Capital has stunned the market with its new-issue middle market CLO that priced on Tuesday – upsized from USD 500m to a mammoth USD 1.34bn

Scotia continues growth with new CLO for Fortress
The middle market has continued its strong start to the year, with Fortress Investment Group yesterday setting a new benchmark for middle market pricing

Credit PMs remain gloomy in latest IACPM survey
Survey participants in the latest IACPM Credit Outlook Survey believe the euphoria seen in global financial markets during the last few months of 2023 was overdone

Riverstone Credit Partners co-founders launch new energy credit investment company
New energy industry credit investment firm Breakwall Capital will focus on sustainable infrastructure investments, the circular economy and next-gen fuels

Fund performance
Q4 has kicked off with structured finance funds leading the way in the Creditflux league tables, as the category index reached 0.61%, and all but one fund made positive returns.

November 2023 US Leveraged Highlights
Debtwire today releases the November 2023 US Leveraged Highlights, featuring key trends in the leveraged loan and high-yield bond markets

State of the US Loan Market 3Q23 - Xtract Special Report
The US leveraged loan market continued to languish in 3Q23, but the average covenant score for large Sponsor loans bounced back somewhat from its precipitous decline in 2Q23 according to this special report

Lumen Technologies ad-hoc group preps competing proposal
The refinancing of Lumen Technologies, currently held by 1311 different CLOs with a combined principal balance of USD 3.8bn, took a new twist today as details of a competing proposal emerged

US CLO credit Air Methods Corporation files for bankruptcy
Air Methods Corporation, a widely held name in the US CLO market, filed for Chapter 11 this morning reporting USD 1bn to USD 10bn in liabilities.

BlackRock creates ESG-focused credit fund
BlackRock launches new strategy as interest in private credit and sustainable investments continues to grow