Sixth Street reprices four-year-old US CLO
The USD 465m reset of the 2021-vintage US BSL CLO tightened its triple As and overall cost of funding moderately

UBS prices two US CLOs in two days via Nomura
The new issue and the reset together totalled USD 1.15bn in size

Oaktree prints US reset and new issue on successive days
Both deals priced their triple A paper at SOFR plus 150bps

CVC, Octagon price new US issues with AAAs at current tight
CVC's print established a new low this year for the overall cost of funding on a standard-duration US CLO with AAAs at 113bps  

Sculptor resets 2021 vintage US CLO
Sculptor Capital Management has reset a 2021-vintage US BSL CLO that turned heads three years ago for its then-unusual split of the triple-Bs into two tranches

Rockford Tower prices Euro and US resets on same day
King Street Capital Management affiliate Rockford Tower echoed KKR and Permira in pricing dual European and US CLOs at the end of last week

Rockford Tower resets 2022 US CLO
Rockford Tower Capital Management has reset a US BSL CLO from 2022, knocking 91bps off the triple-A spread in the process

Tikehau prices its first US CLO of 2024
Tuesday saw Tikehau Capital return to US primary market issuance for the first time this year, with a new USD 513m BSL deal

Napier Park refinances a reissue
Napier Park yesterday came to market with its eighth deal of the year – a  partial refinancing of its US CLO Regatta XIV Funding

CIFC reworks 2017 BSL CLO
CIFC became the latest manager to rework a 2017-vintage US BSL deal on Tuesday, pricing a reset of CIFC Funding 2017-III

Reissue market brightens as Vibrant reworks 2018 deal
Vibrant Capital Partners has joined the rush of activity in the primary market, last week pricing a USD 425.25m reissue in conjunction with BNP Paribas

Citi arranges new CLO for Investcorp
Citi partnered with Investcorp Credit Management this week to arrange a new US BSL CLO valued at USD 406.9m, with the senior notes printing at 160 bps over SOFR  

US triple As hit 152 bps as CIFC reset prices
Taking advantage of favourable market conditions CIFC Asset Management last week reset its 2022-vintage CIFC Funding 2022-V US CLO setting a new benchmark for 2024 in the process

CLO market round-up: holiday cheer hits as US senior spreads move in
The holiday period saw a brace of end-of-year US deals pricing, with a range of new issues, resets and a refi to lead the market into 2024, and senior spreads move firmly back in the 160s.

BofA adds 2020 vintage reset for Sixth Street
Sixth Street reset a 2020-vintage deal on Friday in a reminder that 2022 isn't the only vintage to watch

Sound Point holding CLO M&A talks which could catapult it to fifth-largest manager
Sound Point Capital Management is locked in talks with a large, global CLO manager over a deal that could take its CLO AUM north of $36 billion

KKR prints second consecutive US CLO with four-year reinvestment period
KKR Credit has priced a rare CLO with four years of reinvestment capability named KKR CLO 42, shunning the market-standard five year period

AMMC and Onex new CLOs add to bumper $2.4bn day for US issuance
American Money Management Corporation and Onex Credit Partners each priced a new CLO on Wednesday, part of a bonanza day for the primary market that brought $2.4 billion of new CLO issuance

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

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

Global CLO b-wic round-up: equity trades break new records as investors look to redeploy cash
The CLO secondary market is experiencing heavy churn with €273.5 million of European CLO paper and $1.05 billion of US CLOs listed last week. Within that supply, a record trade for a 2.0 European CLO equty tranche was recorded 

Global CLO b-wic round-up: 2020 deals trade at premium
As the primary CLO market continues to grind tighter, the secondary market is holding steady, but last year's vintages are trading well as they near the end of their call-locks

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

Barclays prices CLO refis for Kayne Anderson and NYL
Barclays priced two CLO refinancings on Friday, reworking deals managed by Kayne Anderson and NYL Investors. These total $742 million, meaning the US CLO market absorbed $8.42 billion of refi paper in January - or 38.55% of the total refis priced in 2020

Global CLO b-wic round-up: control stake trades as junior notes come to the fore
The European and US CLO secondary markets produced high volumes of junior and subordinated notes last week. Over 30% of listings were rated as equity, single B or double B.