CLO Markets
All Update archive
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CLO Markets EU Deal Alert - 2 February 2024, 18.00 UK time
CVC Cordatus Opportunity Loan Fund Re-Issue (COLF-R), a static deal, has priced via JPMorgan (lead placement agent).The Class A notes priced at +138bp. The tranche sizes were slightly modifi ............
2 February 2024
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CLO Markets EU Deal Alert - 2 February 2024, 16.20 UK time
Initial price thoughts are circulating for Cross Ocean Bosphorus CLO IX, a European CLO managed by Cross Ocean Adviser LLP.Pricing is targeted for the end of next week via Morgan ......
2 February 2024
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CLO Markets EU Deal Alert - 2 February 2024, 15.40 UK time
Avoca CLO XXIX, a European CLO managed by KKR, has priced via BNP Paribas.The Class A notes priced at +148bp, inside IPTs.According to Review Port, the initial preliminary offering documentation ......
2 February 2024
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Navigating CLO Resets
Barclays is highlighting CLOs and their resets, particularly those labelled "low-hanging fruit" with cleaner portfolios and wider AAA margins, in its latest Credit Strategy report.While rese ............
2 February 2024
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CLO Markets EU Deal Alert - 2 February 2024, 19.00 UK time
BBAM European CLO IV, a European CLO managed by RBC Global Asset Management (UK) Limited, has priced via Citi (sole arranger and co-placement agent).The deal was upsized to €375m asset ......
2 February 2024
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EU CLO roundup - January 2024
*EU new CLO issuance reaches €1.37bn in January*New-issue triple-As tighten to c.150bp; secondary market posts strong gains amid heavy BWIC supply* European CLO market is in a sweet ............
2 February 2024
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CLO Markets Daily - 1 February 2024
*US new issues: Upsized Palmer Square 24-1 and Santander-arranged Z Capital Credit Partners 2024-1 priced*US resets: OAKC 2017-15 under guidance; Invesco U.S. CLO 2023-1, CSAM’s Ma ............
1 February 2024
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CLO Markets US Deal Alert - 1 February 2024, 20.00 UK time
The reset of Invesco U.S. CLO 2023-1 has priced via Natixis.The deal, managed by Invesco CLO Equity Fund 3, is expected to be UK and EU risk retention compliant.The CLO ......
1 February 2024
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CLO Markets US Deal Alert - 1 February 2024, 18.25 UK time
Z Capital Credit Partners BSL CLO 2024-1, a US BSL CLO managed by Z Capital CLO Management, has priced via Santander US Capital Markets.The deal has a 2.5NC/4RP term structure ......
1 February 2024
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CLO Markets US Deal Alert - 1 February 2024, 18.05 UK time
Palmer Square CLO 2024-1, Ltd, a US BSL CLO managed by Pamer Square Capital Management, has priced after being upsized by $50m asset par.The deal was arranged by JPMorgan.Palmer Square ......
1 February 2024
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CLO Markets US Deal Alert - 1 February 2024, 16.50 UK time
The reset of Madison Park Funding XLVII, Ltd, a US BSL CLO managed by Credit Suisse Asset Management, has priced via Deutsche Bank.Madison Park Funding XLVII originally priced in October ......
1 February 2024
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CLO Markets US Deal Alert - 1 February 2024, 09.50 UK time
Ares LXIX CLO LTD, a US BSL managed by Ares CLO Management priced on Wednesday via JP Morgan.The deal has upsized from a target par of $400m. ......
1 February 2024
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CLO Markets Daily - 31 January 2024
*US new issues: Guidance out for Blackstone’s Peebles Park; Oaktree 2024-25, Brigade Capital’s Battalion 25 priced*US resets: BCC MIDDLE MARKET CLO 2018-1, SPEAK 2016-6 p ............
31 January 2024
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CLO Markets US Deal Alert - 31 January 2024, 18.30 UK time
Battalion CLO XXV Ltd, a US BSL CLO managed by Brigade Capital, has priced, according to investors. RBC Capital Markets was lead placement agent and joint bookrunner; Santander US Capital ......
31 January 2024
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CLO Markets US Deal Alert - 31 January 2024, 18.55 UK time
Guidance is circulating for Peebles Park CLO, a US BSL CLO managed by Blackstone CLO Management.Pricing is targeted for the end of next week via BNP Paribas, according to investors.The ......
31 January 2024
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CLO Markets Daily - 30 January 2024
*EU new issues: Guidance out for AlbaCore 6*US new issues: Generate 14 priced*Private credit funds incorporating securitisation technology in their capital structures, making them more compa ............
30 January 2024
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CLO Markets US Deal Alert - 30 January 2024, 20.10 UK time
Generate CLO 14, a US BSL CLO managed by Generate Advisors, has priced via Citi.The manager priced a reset on 13 December (Generate CLO 3) and a new issue in ......
30 January 2024
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CLO Markets EU Deal Alert - 30 January 2024, 10.30 UK time
Price guidance is available for AlbaCore Euro CLO VI, a European CLO managed by AlbaCore Capital.Pricing is targeted for later this week or early next week via Jefferies, according to ......
30 January 2024
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CLO Markets Daily - 29 January 2024
*US resets: Price talk on Invesco U.S. CLO 2023-1’s BBBs and BBs widened*US new issues: New Mountain CLO 5, Texas Debt Capital CLO 2024-I priced*US refis: Trinitas CLO XII priced* ......
29 January 2024
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CLO Markets US Deal Alert - 29 January 2024, 16.45 UK time
Price talk has been widened on the triple-B and double-B rated notes of Invesco U.S. CLO 2023-1’s reset, according to investors.The deal is managed by Invesco CLO Equity Fund 3 ......
29 January 2024
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EU CLO equity CoC distributions up, but some vintages struggle
Cash-on-cash distributions for European CLOs have recovered significantly, but transactions that closed in the third and fourth quarter of 2022 – and to a lesser extent in the firs ............
29 January 2024