CLO Markets
All Update archive
Collateralised loan obligations, known as CLOs, are financial products structured by banks and sold to investors. The assets underlying CLOs are predominantly leveraged loans and are managed by an asset manager. Each CLO is structured as a series of tranches of notes, with different levels of seniority. The tranches of debt typically pay a floating-rate coupon. Holders of the subordinated notes - the first-loss position within the CLO structure - receive cash-on-cash quarterly distributions. CLOs are one of the largest asset classes within securitised products. In the US, broadly-syndicated loan CLOs (BSL CLOs) co-exist with Middle-Market CLOs (MM CLOs). The Europe CLO market consists almost exclusively of BSL CLOs - usually referred to as "leveraged loan CLOs".
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CLO Markets Daily: 24 April 2025
Prospectuses on EuronextJubilee CLO 2025-XXX US primary marketHook Park, a US BSL CLO new issue managed by Blackstone CLO Management, has priced via Bank of America. Link to story ......
Market Moves24 April 2025
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US CLO Deal Alert: Hook Park Priced
Hook Park, a US BSL CLO new issue managed by Blackstone CLO Management, has priced via Bank of America.This transaction is Intended to comply with EU risk retention & Article ......
24 April 2025
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US CLO Deal Alert: Empower 2023-1 Priced
The reset of Empower 2023-1, a US BSL CLO managed by Empower Capital Management has priced via Goldman, Sachs & Co.Empower 2023-1 ClassSize ($mm)S&PC/E(%)*CouponPriceDM**WAL**A-R Note ............
24 April 2025
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US CLO Deal Alert: OCP 2025-43 Priced
OCP 2025-43, a US BSL CLO managed by Onex Credit Partners priced via JP Morgan yesterday afternoon New York time.This transaction is expected to be EU RR & article 7 ......
24 April 2025
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CLO Markets Daily: 23 April 2025
A quiet day for CLOs with no pricings in the European or US market.News analysisPoh-Heng Tan from CLO Research provides insights on US CLO double-Bs and distressed single-B bonds. Link ......
Market Moves23 April 2025
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CLO Markets Daily: 22 April 2025
Regulatory noticesCairn CLO III: The Subordinated Notes were redeemed. Link to notice here.Prospectuses on EuronextRockford Tower Europe CLO 2025-1Bain Capital Euro CLO 2025-1US primary marketNew Mou ............
Market Moves22 April 2025
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US CLO Deal Alert: NMC 4 Priced
New Mountain 4, a US BSL CLO managed by New Mountain Credit CLO Advisers priced via Wells Fargo Securities, late on Thursday afternoon New York time.New Mountain 4 ClassSize ($mm)FitchPar ......
22 April 2025
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CLO Markets Daily: 17 April 2025
NewsThe European Leveraged Finance Association (ELFA) has released new guidance aimed at improving transparency in CLO reporting. Published at the end of March, the document outlines trustee best pra ............
Market Moves17 April 2025
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US CLO Deal Alert: Oaktree 2025-30 Priced
Oaktree 2025-30, a US BSL CLO managed by Oaktree CLO Management Co, has priced via Scotiabank.Oaktree 2025-30 ClassTypeSize ($mm)S&PPar SubWAL(2)CouponDMATerm Note320.00AAA36.00%6.5S + 1501 ............
17 April 2025
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US CLO Deal Alert: Invesco 2023-2 Priced
The reset of Invesco 2023-2, a US BSL CLO managed by Invesco CLO Equity Fund 3 has priced via Bank of America.Invesco 2023-2 ClassSize ($mm)M/FPar SubWAL (1)CouponDMA-1-R315.00Aaa/--37.00%6.3SOFR+130 ............
17 April 2025
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US CLO Deal Alert: Four pricings overnight
Four US deals priced yesterday afternoon New York time. &am ............
17 April 2025
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CLO Markets Daily: 16 April 2025
Regulatory noticesCVC Cordatus Loan Fund XXV-A: proposed redemption. Link to notice here.Jubilee CLO 2017-XIX (delisting of notes): delisting of notes. Link to notice here. Potential redemptions ( ......
16 April 2025
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CLO Markets Daily: 15 April 2025
Regulatory noticesAnchorage Capital Euro CLO 1: Redemption of the Original Rated Notes occurred. Link to notice here.Sound Point Euro CLO IV Funding: The Refinancing occurred resulting in the redempt ............
Market Moves15 April 2025
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US CLO Deal Alert: BSP XXXI Priced
The reset of Benefit Street Partners XXXI, a US BSL CLO managed by BSP CLO Management, has priced via Bank of America.Benefit Street Partners XXXI ClassSize ($mm)S&P/MPar SubWAL(1)Co ............
15 April 2025
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US CLO Deal Alert: Ares LXXVI Priced
Ares LXXVI CLO, a US BSL CLO managed by Ares CLO Management priced yesterday afternoon New York time via JP Morgan.Ares LXXVI CLO ClassSize ($mm)M/FPar SubCouponA1256.00Aaa/NR36.00%SOFR+1.40%A28.00N ............
15 April 2025
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CLO Markets Daily: 14 April 2025
News analysisKBRA affirms confidence in structured credit resilience under strain. Link to story here.Poh-Heng Tan from CLO Research provides insights into the US BSL CLO market based on SCIs recent ......
Market Moves14 April 2025
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US CLO Deal Alert: Arini I Priced
Arini US CLO I, a US BSL new issue CLO managed by Arini Loan Management US priced Friday afternoon New York time via Goldman, Sachs & Co.This transaction is structured ......
14 April 2025
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CLO Markets Daily: 11 April 2025
Regulatory noticesEuro Galaxy VI CLO: Optional redemption in whole.Man GLG Euro CLO VI: The Redemption of the Rated Notes was effectuated by redeeming each Class of Rated Notes in whole. ......
Market Moves11 April 2025
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US CLO Deal Alert: Four pricings overnight
Four US deals priced yesterday afternoon New York time. &am ............
11 April 2025
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CLO Markets Daily: 10 April 2025
Regulatory noticesProvidus CLO I: Optional redemption. Potential redemptions (EU CLOs)Latest noticeNoticeExpected redemption dateAqueduct Euro CLO 1-2017 (optional redemption through liquidation)&a ............
Market Moves10 April 2025
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US CLO Deal Alert: Apidos XXXIII Priced
The reset of Apidos CLO XXXIII, a US BSL CLO managed by CVC Credit Partners priced yesterday afternoon New York time via Deutsche Bank.Apidos CLO XXXIII ClassSize ($mm)M/FPar Sub^WAL^^CouponA1-R-228 ......
10 April 2025