Elmwood and KKR make it to eight new US CLOs in 2021
Elmwood Asset Management and KKR Asset Management each priced their eighth new US CLOs of the year on Monday, becoming just the fifth and sixth manager to achieve this feat

Wellfleet issues largest CLO in over three years
Wellfleet Credit Partners has paired with Credit Suisse to print its largest CLO since September 2018

CIFC, Generate and Monroe secure combined $1.3 billion CLO resets
CIFC Asset Management, Generate Advisors and Monroe Capital each reset a CLO on Monday with the three deals amounting to $1.34 billion

AIG, Five Arrows and Whitebox join CLO reset gravy train
AIG Asset Management, Five Arrows Managers and Whitebox Capital Management have all reset CLOs, with the three deals amounting to $1.16 billion

CLO resets top $2 billion for second day this week
CLO reset volume topped $2 billion on Thursday as Antares Capital Management, CIFC Asset Management and Shenkman Capital Management each reworked older deals

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

Two managers reset huge 2017 CLOs, boosting supply by $2.25 billion
Ares Management and CBAM have each priced resets of CLOs issued in 2017, adding $2.25 billion of supply to the market

Global CLO league tables - April 2021 YTD
Global CLO league tables - April 2021 YTD

US CLO pricing lab: let’s refi like it’s 2017
The new issue US CLO market has been a slow burn over the last two weeks with only six deals being brought to the market amid wider triple A spreads. But the repricing market has been booming with today’s triple A levels still comparatively cheaper than previous vintages exiting their non-call periods

Ares brings CLO's leverage down to less than five turns in $1 billion-plus reset
Ares Management has upsized its second largest CLO in a reset, bringing the deal to a par value of $1.19 billion - the seventh biggest CLO backed by broadly syndicated loans in the market

Benefit Street prints its largest CLO since 2017
Benefit Street Partners priced its largest CLO in over three-and-a-half years on Tuesday, teaming up with Natixis on the $609 million deal named Benefit Street Partners XXII

Eagle Point makes large investment in rival's CLO fund
Eagle Point Credit Management has made a large investment in the preferred stock in a competitor's publicly traded CLO fund

Elmwood prints five-year reinvestment CLO with triple As at 139bp
Elmwood Asset Management has priced its seventh CLO and its first five-year reinvestment deal since the March sell off

Correction: JP Morgan shifts bulk of CLO portfolio to held to maturity
JP Morgan has shifted two thirds of its CLO portfolio to the 'held to maturity' part of its balance sheet, posting $31.15 billion worth of CLO holdings on 30 September of which $20.95 billion were held to maturity

Global CLO league tables - August 2020 YTD
Global CLO league tables - August 2020 YTD

GSO prints static CLO with triple As at 130bp
GSO Capital Partners has priced its second static CLO amid the coronavirus pandemic, naming it Stratus Funding 2020-1

Global CLO league tables - July 2020 YTD
Global CLO league tables - July 2020 YTD

Global CLO b-wic round-up: US triple Bs edge wider but 2020 bonds trade at a premium
The furious rally that the secondary CLO markets have gone through over the last two weeks was brought a halt by the Federal Reserve’s reminder on Wednesday night that all is still not well with the economy

Global CLO league tables - May 2020 YTD
Global CLO league tables - May 2020 YTD

US CLO league tables: light at the end of the tunnel as primary revives
May brought a rise in US CLO primary market activity with a combined $5.55 billion in new issuance for the month

Global CLO b-wic round up: dealer bid strengthens secondary CLO market across the board
The US CLO secondary market had over $1 billion listed in b-wics last week, the first time at this level in three weeks according to CLO-i. A further €270 million went on sale in the European CLO secondary market, as the dealer bid returned to assist in continued tightening across the capital stack

Global CLO league tables - April 2020 YTD
Global CLO league tables - April 2020 YTD

OC health check: another two CLOs fail senior OC tests
Two senior overcollateralisation test failures number among 26 deals joining the list this week of CLOs breaching their OC tests in April, according to the latest trustee reports on CLO-i.

Beneath the triple C: $31.6 billion of CLO credits feel downgrade pain
March madness took a toll on CLOs as Moody’s and Standard & Poor’s downgraded 4.25% of the portfolios in the US and 1.84% in Europe to triple C or below in just one month (some of these were already triple C rated, only to fall further).

Global CLO b-wic round-up: triple A volumes hit nine-year highs, but equity valuations could be "single digits"
Over $2.5 billion of US CLO paper listed in b-wics in last week's manic trading, with a further €435 million of European CLO bonds also on sale. CLO buyers and sellers turned to the safest part of the capital structure – the triple A rated notes – and away from its most illiquid asset class, with no equity bonds listed in either market