CLO Markets

All Update archive

  • CLO Markets Daily - 26 March 2024

    *One EU reset prices*Two US refis move ahead*One US new issue printsEuropean primary marketOnly one deal announcement today up until now – Friday’s pricing of the reset of Voya CL ......

    26 March 2024

  • CLO Markets EU Deal Alert - 26 March 2024 11.40 UK time

    The reset of Voya Euro CLO VI a European CLO managed by Voya Alternative Asset Management upsized from €300m and priced on Friday, 22 March, via Barclays.Voya Euro CLO VI ......

    26 March 2024

  • CLO Markets US Deal Alert - 26 March 2024 09.00 UK time

    *Four CLO pricings overnightTwo new issues and two resets printed yesterday, 25 March, afternoon New York time, as follows:The reset of Balboa Bay Loan Funding 2023-1 a US BSL CLO ......

    26 March 2024

  • CLO Markets Daily - 25 March 2024

    *Four EU pricings announced today*Aqueduct European CLO 2-2017 moves toward redemptionEuropean primary marketPricings on three new issues and a reset announced today: Pricing dateDeal ......

    25 March 2024

  • CLO Markets EU Deal Alert - 25 March 2024 17.05 UK time

    The reset of Rockford Tower Europe CLO 2018-1 a European CLO managed by Rockford Tower Capital Management has priced via Jefferies.Rockford Tower Europe CLO 2018-1 ClassSize (€m)F/SCoupon ......

    25 March 2024

  • CLO Markets EU Deal Alert - 25 March 2024 16.50 UK time

    Providus CLO X a European CLO managed by Permira European CLO Manager priced last Thursday, 21 March, via Barclays.Providus CLO X ClassSize (€m)F/SPar subCouponDMPriceA1232.50AAA/AAA38.0 ............

    25 March 2024

  • CLO Markets EU Deal Alert - 25 March 2024 09.30 UK time

    Avoca CLO XXX a European CLO managed by KKR priced on Friday via JPMorgan.According to Review Port, the offering documentation is fairly protective across a number of key provisions although ......

    25 March 2024

  • CLO Markets EU Deal Alert - 25 March 2024 16.15 UK time

    Carlyle Euro CLO 2024-1 a European CLO managed by Carlyle CLO Partners has priced via BNP Paribas.Carlyle Euro CLO 2024-1 ClassSize (€m)F/SC/EWALCouponDMPriceA1186.00AAA/AAA38.00%6.003m ............

    25 March 2024

  • Some room for upside in EU CLO seniors

    There is still some room for upside in triple-A spreads, though those further down the stack are likely to remain rangebound, according to BofA strategists. Nevertheless, CLOs still look attractive ......

    25 March 2024

  • CLO Markets US Deal Alert - 25 March 2024 08.45 UK time

    HPS Loan Management 2024-19 a US BSL CLO managed by HPS Investment Partners priced on Friday via Morgan Stanley.The deal is structured to be EU RR and Article 7 compliant.HPS ......

    25 March 2024

  • CLO Markets Daily - 22 March 2024

    CLO Markets Daily – 22 March 2024US PRIMARY MARKETBenefit Street Partners CLO XXXIV, Ltd, a US BSL CLO managed by BSP CLO Management has priced via Goldman Sachs. Benefit Street ......

    22 March 2024

  • CLO Markets Daily - 21 March 2024

    *EU new issues: Sculptor European CLO XI’s senior notes price at +149bp*US new issues: Warwick Capital CLO 3 priced*Liquidation of Aqueduct European CLO 2-2017 and BlueMountain Fuj ............

    21 March 2024

  • CLO Markets EU Deal Alert - 21 March 2024, 12.00 UK time

    Sculptor European CLO XI, a European CLO managed by Sculptor Europe Loan Management Limited, priced on Wednesday via Barclays.The deal was upsized by €50m during the marketing process. ......

    21 March 2024

  • CLO Markets Daily - 20 March 2024

    *US PennantPark V, Voya CLO 2019-2 partially refinanced*Deutsche Bank and PSL launch the Deutsche Bank European CLO lndex*US BSL CLOs have burned par by an average -16bp so far this ......

    20 March 2024

  • CLO Markets US Deal Alert - 19 March 2024, 20.45 UK time

    Guidance has been released for Canyon CLO 2023-2, a US BSL CLO managed by Canyon CLO Advisors L.P.The deal is arranged by Deutsche Bank.EU risk-retention compliance is possible based on ......

    19 March 2024

  • CLO Markets Daily - 19 March 2024

    *US new issues: Canyon CLO 2023-2 under guidance; Antares CLO 2024-1 priced*US resets: Palmer Square CLO 2018-2 priced*Liquidation of Blackstone’s Palmerston Park CLO, Richmond Par ............

    19 March 2024

  • CLO Manager Corner - Pemberton Asset Management

    After a slow start for CLO issuance in 2023, there was a pick-up in activity towards the end of last year which has continued into the first quarter of 2024.The ......

    19 March 2024

  • CLO Markets Daily - 18 March 2024

    *EU new issues: Arini II priced*Class F notes of Bushy Park CLO and Palmer Square European CLO 2023-1 priced*US resets: PPM CLO 2 priced*Global CLO warehouses back at historical averages, ......

    18 March 2024

  • CLO Markets US Deal Alert - 18 March 2024, 17.05 UK time

    The reset of PPM CLO 2 Ltd, a US BSL CLO managed by PPM Loan Management Company 2, has priced via Citi. PPM CLO 2 Ltd ClassS&PSize (M$)Par Sub*Flt/FixCouponDMXAAA4& ............

    18 March 2024

  • Limited levels of stress in EU CLO portfolios

    No European CLO manager has more than 4% of floating-rate collateral trading below 70, and for the vast majority, it is less than 2%, suggesting limited levels of stress/distress, according ......

    18 March 2024

  • Global CLO warehouses back at historical averages

    Global CLO warehouses are now back at historical averages, with the average balance in US warehouses below average, according to Barclays credit analysts.They think that the overhang of ware ............

    18 March 2024
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