CLO Markets
All Update archive
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CLO Markets EU Deal Alert – 18 November 2022, 15.30 UK time
Blackstone Ireland Ltd's Edmondstown Park CLO has priced via BNP Paribas. The senior notes, which contained a sizeable lead interest, priced at a DM of 22 ............
18 November 2022
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CLO Markets EU Deal Alert – 18 November 2022, 11.20 UK time
Tikehau Capital Europe’s Tikehau CLO VIII has priced via Goldman Sachs and co-arranger Societe Generale. The transaction has been upsized by €50m. In the final structure, ............
18 November 2022
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Q4 CLO equity distributions up in Europe, down in the US
European CLO equity distributions improved 2% quarter and quarter, reaching 17.5%, a level last seen in 2H16, according to Barclays credit analysts. Meanwhile, US BSL equity distributions de ............
18 November 2022
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CLO Markets EU Deal Alert – 17 November 2022, 15.40 UK time
Tikehau Capital Europe’s Tikehau CLO VIII is expected to price today, according to investors. A deal update distributed on Tuesday suggested that an upsizing was on the cards.& ............
17 November 2022
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CLO Markets EU Deal Alert – 16 November 2022, 19.25 UK time
Edmondstown Park CLO’s guidance has been tightened, according to investors. Pricing is targeted for tomorrow (17 November) via BNP Paribas. The transaction is a European C ............
16 November 2022
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CLO Markets US Deal Alert – 16 November 2022, 16.20 UK time
Black Diamond 2022-1 CLO, a US BSL CLO, has priced via Goldman Sachs. The transaction, managed by Black Diamond Capital Management, has a 3NC/5RP term structure. The final structur ......
16 November 2022
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2023 CLO new issuance seen reaching €25bn in Europe, $100bn in US
Morgan Stanley strategists forecast €25bn of new issue CLOs in Europe and $100bn of new issuance in the US. In the US, they expect $15bn of refinancing transactions and $15bn ......
16 November 2022
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CLO Markets Daily – 16 November 2022
*SCI Middle Market CLO Awards: Golub Capital Partners CLO 18(M)-R2, Deal of the Year; Natixis, Arranger of the Year *EU new issues: Edmondstown Park CLO’s guidance tightened*Morgan ............
16 November 2022
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CLO Markets Daily – 15 November 2022
*EU new issues: Price talk out for Onex’s static deal* Eagle Point’s Thomas Majewski says many banks holding hung buyout debt have begun to capitulate; embedded hidden va ............
15 November 2022
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CLO Markets EU Deal Alert – 15 November 2022, 15.00 UK time
Onex Credit Partners is in the market with a European static CLO, called OCP Euro CLO 2022-6. Pricing is targeted for early next week via Citi and NatWest Markets (joint ......
15 November 2022
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CLO Markets US Deal Alert – 15 November 2022, 12.00 UK time
CVC Credit Partners is back in the market with Apidos CLO XLII, a US BSL CLO, according to investors. Pricing is targeted for 29 November via Barclays. ......
15 November 2022
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CLO Markets Daily – 14 November 2022
*EU new issues: single-As of Blackstone’s Edmondstown Park CLO guided at 480-490bp (vs 500a IPTs)*11% of reinvesting EU CLOs may fail their reinvestment OC tests in base case stres ............
14 November 2022
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CLO Markets US Deal Alert – 14 November 2022, 21.40 UK time
KKR CLO 43, a BSL CLO managed by KKR, has priced via Greensledge. Deutsche Bank was co-placement agent. The final structure has no single-B tranche. The deal has a 1NC/3RP ......
14 November 2022
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CLO Markets EU Deal Alert – 14 November 2022, 18.10 UK time
Guidance has been released for Edmondstown Park CLO, a European CLO managed by Blackstone Ireland Ltd, according to investors.The levels for the single-As and double-Bs are tighter than the ......
14 November 2022
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11% of reinvesting EU CLOs may fail their reinvestment OC tests in base case stress scenario
Around 11% of European CLOs inside their reinvestment period could fail their reinvestment OC tests, under a base scenario simulated by BofA strategists, who are seeking to anticipate the likely ......
14 November 2022
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CLO Markets Daily – 11 November 2022
*EU new issues: Palmer Square prices reinvesting CLO with senior/junior triple As (45%/38.5% of par sub) and delayed issuance for double-Bs*ABS market has done its job in providing liquidity ............
11 November 2022
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CLO Markets EU Deal Alert – 11 November 2022, 17.40 UK time
Palmer Square European CLO 2022-2, a CLO managed by Palmer Square Europe Capital Management, priced on Thursday via Barclays. The deal has a c.1NC/c.1RP term structure. This is one ......
11 November 2022
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CLO Markets Daily – 10 November 2022
*EU new issues: Blackstone in market with 1.5NC/4.6RP deal*JPM analysts think that the recent market moves should help nudge US new issue tier 1 AAA spreads from around c.220bp to ......
10 November 2022
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CLO Markets EU Deal Alert – 10 November 2022, 10.00 UK time
Initial price thoughts are circulating for Edmondstown Park CLO, a European CLO managed by Blackstone Ireland Ltd, according to investors. The Class A contains a sizeable lead inter ............
10 November 2022
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CLO Markets US Deal Alert – 10 November 2022, 15.15 UK time
Black Diamond 2022-1 CLO, a US BSL CLO, is expected to price early next week, according to investors. The transaction is managed by Black Diamond Capital Management LLC and arranged ......
10 November 2022
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CLO collateral credit quality set to deteriorate significantly in severe downturn
Under severe downturn scenarios for corporate borrowers comparable to recent recessions, junior CLO tranches are at risk of credit quality deterioration consistent with multi-notch rating downgrades, ............
10 November 2022