CLO Markets
All Update archive
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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
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CLO Markets Daily - 26 January 2024
*EU new issues: CVC markets static CLO; Sound Point Euro CLO X and Fidelity Grand Harbour CLO 2023-2 priced*Gap between secondary-market and new-issue EU triple-As looking excessive*The numb ............
26 January 2024
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CLO Markets US Deal Alert - 26 January 2024, 20.30 UK time
Ocean Trails CLO XV, a US BSLCLO managed by Five Arrows Managers North America (Rothschild), has priced via Goldman Sachs. The deal was upsized by $50m asset par.The transaction is ......
26 January 2024
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CLO Markets US Deal Alert - 26 January 2024, 19.55 UK time
The reset of RR 25, a US BSL CLO managed by Redding Ridge Asset Management, has priced via BofA.The deal originally priced in February 2023 with a WA coupon of ......
26 January 2024
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CLO Markets US Deal Alert - 26 January 2024, 19.35 UK time
The reset of KKR CLO 28, a 2020 vintage US BSL CLO, has priced via Morgan Stanley.The reset has a 1.2NC/3RP term structure, according to investors.The original transaction priced in ......
26 January 2024
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CLO Markets EU Deal Alert - 26 January 2024, 19.25 UK time
Fidelity Grand Harbour CLO 2023-2, a European CLO managed by FIL Investments International, has priced via Citi.Some €50m of the Class A is issued in delayed draw format. The notes ......
26 January 2024
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CLO Markets US Deal Alert - 26 January 2024, 19.05 UK time
OHA Credit Funding 17, a US BSL CLO managed by Oak Hill Advisors, has priced via BNP Paribas.The transaction is EU/UK/US Risk Retention compliant. ......
26 January 2024
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CLO Markets EU Deal Alert - 26 January 2024, 16.00 UK time
Initial price thoughts are circulating for CVC Cordatus Opportunity Loan Fund, a static deal which is described as a re-issue, according to investors.The deal is over 81% ramped (~€407m ramp ......
26 January 2024
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CLO Markets US Deal Alert - 26 January 2024, 17.25 UK time
Price talk has been released for Symphony CLO 42, a US BSL managed by Symphony Alternative Asset Management (Nuveen).This transaction, arranged by JPMorgan, is expected to be EU risk-retention compli ......
26 January 2024
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CLO Markets EU Deal Alert - 26 January 2024, 14.20 UK time
Sound Point Euro CLO X, a European CLO managed by Sound Point CLO C-MOA, has priced via Jefferies after a €50m upsize.The triple-As priced at +150bp, the tight end of ......
26 January 2024
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CLO Markets US Deal Alert - 26 January 2024, 11.05 UK time
RAD 23 CLO, Ltd, a US BSL managed by Irradiant Partners, priced late on Thursday via CIBC Capital Markets. RAD CLO 23, LTD - US New Issue ......
26 January 2024
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EU CLO amortisations picking up
The number of European CLOs now amortising has increased notably over the last six months, while the pace of amortisation has also picked up significantly, according to Barclays analysts.There are ......
26 January 2024
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CLO Markets Daily - 25 January 2024
*EU new issues: Avoca 29 under guidance*EU resets: Bain Capital Euro CLO 2022-2 priced*US new issues: Soud Point 38 marketed; Bain Capital Credit CLO 2024-1, Wise CLO 2024-1, TCW 24-1 ......
25 January 2024
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CLO Markets EU Deal Alert - 25 January 2024, 20.05 UK time
The reset of Bain Capital Euro CLO 2022-2 has priced via Barclays. The deal is managed by Bain Capital Credit U.S. CLO Manager II.According to Review Port, the initial preliminary ......
25 January 2024
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CLO Markets US Deal Alert - 25 January 2024, 18.35 UK time
The reset of Elmwood CLO 20, a US BSL CLO managed by Elmwood Asset Management, has priced via RBC.The deal originally priced in September 2022.Elmwood priced a new issued yesterday ......
25 January 2024
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CLO Markets US Deal Alert - 25 January 2024, 15.40 UK time
Bain Capital Credit CLO 2024-1, a US BSL CLO, has priced via Mizuho.The deal is managed by Bain Capital Credit U.S. CLO Manager II. Bain Capital Credit CLO 2024-1 ......
25 January 2024
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CLO Markets US Deal Alert - 25 January 2024, 16.45 UK time
Wise CLO 2024-1, Ltd, a US BSL CLO has priced via Bank of America. The transaction is structured with the intent to comply with EU risk retention and Article 7 ......
25 January 2024
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CLO Markets US Deal Alert - 25 January 2024, 16.30 UK time
TCW 2024-1, a US BSL CLO managed by TCW Asset Management, has priced via Jefferies.In the final structure, the senior triple-As have 38.0% of par subordination, 0.2ppts above the par ......
25 January 2024
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CLO Markets EU Deal Alert - 25 January 2024, 16.00 UK time
Guidance is circulating for Avoca CLO XXIX, a European CLO managed by KKR, according to investors.Pricing is targeted for next week via BNP Paribas.Last week, the portfolio was c.75 ............
25 January 2024
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Stage set for European MM CLOs this year
In the dynamic landscape of global private credit, the growth trajectory sets the stage for European MM CLOs, positioning them favorably within the market, according to structured finance research re ......
25 January 2024
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CLO Markets EU Deal Alert - 25 January 2024, 9.40 UK time
Sound Point Euro CLO X, a European CLO managed by Sound Point CLO C-MOA, is expected to price today, according to investors.A test at +390bp was conducted on the triple-Bs.The ......
25 January 2024