CLO Markets

All Update archive

  • CLO Markets US Deal Alert - 10 January 2024, 9.40 UK time

    The refinancing of Stratus Static CLO 2022-3, LTD, a US CLO managed by Blackstone Liquid Credit Strategies, priced late on Tuesday via Citi. Stratus Static CLO 2022-3 - RefiClassFit ............

    10 January 2024

  • CLO Markets Daily - 9 January 2024

    *US new issues: TCW 2024-1’s triple-As marketed; Owl Rock CLO XV priced*US resets: IPTS out for CIFC 2022-5*Marks on private loans exhibit far less volatility than BSLs, but max-min range ......

    9 January 2024

  • CLO Markets US Deal Alert - 9 January 2024, 19.35 UK time

    Morgan Stanley is marketing the reset of CIFC funding 2022-V, a US BSL CLO managed by CIFC Asset Management. Pricing is targeted for the week of 15 January, according to ......

    9 January 2024

  • CLO Markets US Deal Alert - 9 January 2024, 18.00 UK time

    Jefferies is marketing the senior notes of TCW 2024-1, a US BSL CLO managed by TCW Asset Management, according to investors.TCW 2023-2 (2.1NC/5.1RP) priced on 14 August; the senior triple-As ......

    9 January 2024

  • The evolving landscape of European CLO maturity amendments

    Fitch Ratings has shed light on the evolving landscape of maturity amendments within European CLOs highlighting a push for clarity around CLO managers' active participation in such amendments."Standa ............

    9 January 2024

  • CLO trends in Europe likely to be similar to 2023

    CLO volumes will likely be flat this year, according to S&P Global analysts, but there may be a gradual increase in high-yield bond issuance that softens the blow in the ......

    9 January 2024

  • CLO Markets Daily - 8 January 2024

    *US new issues: Barings 2024-I’s senior notes price at +163bp; Status update for Onex’s OCP 2024-31*US loans: BofA maintains long-term expectation of 50% recovery rate; a ............

    8 January 2024

  • CLO Markets US Deal Alert - 8 January 2024, 18.25 UK time

    A status update is circulating for Onex’s OCP 2024-3. The transaction is expected to price by the end of this week, according to investors.The deal is arranged by CIBC.Onex priced ......

    8 January 2024

  • CLO Markets US Deal Alert - 8 January 2024, 17.25 UK time 

    Barings 2024-I, a US BSL CLO managed by Barings LLC, has priced via Morgan Stanley.Barings priced a US BSL new issue on 6 December (Barings 2023-IV) and a partial refinancing ......

    8 January 2024

  • US loan recovery rates under pressure

    BofA's US CLO strategists expect loan recovery rates to continue to remain dispersed across borrowers and at the lower end of expected ranges, but maintain a long-term expectation of a ......

    8 January 2024

  • CLO Markets Daily - 5 January 2024

    *US new issues: GoldenTree Loan Management US CLO 19’s senior notes talked at 150-155bp*Barclays raises end-2024 ELLI index forecast; publishes iTraxx forecasts*Redemptions notices ............

    5 January 2024

  • CLO Markets US Deal Alert - 5 January 2024, 19.10 UK time

    Initial price thoughts have been released for GoldenTree Loan Management US CLO 19, a US BSL CLO managed by GLM III.Pricing is targeted for mid/late January. Wells Fargo is structuring ......

    5 January 2024

  • Unveiling CLO Equity Returns

    Barclays' latest Credit Research looks into CLO equity interest returns, highlighting contrasts between the US and Europe. In the US, this year boasts better CLO equity returns, yet Europe's ............

    5 January 2024

  • ELLI end-2024 forecast raised

    Barclays analysts have lowered their forecast for European leveraged loans’ total returns to +5.5% in 2024 from the +6.0% predicted on 1 December 2023. This assumes the ELLI index closing ......

    5 January 2024

  • CLO Markets Daily - 4 January 2024

    *US new issues: Onex marketing new BSL CLO, close on heels of OCP 2023-30; AGL 29’s senior notes guided at +157bp, double-Bs at 670-685bp US PRIMARY MARKETOnexOnex is back ............

    4 January 2024

  • CLO Markets US Deal Alert - 4 January 2024, 15.50 UK time

    Deutsche Bank is marketing AGL CLO 29 Ltd, a new issue US BSL CLO, managed by AGL CLO Credit Management. The deal is intended to satisfy EU/UK risk retention compliance.AGL ......

    4 January 2024

  • CLO Markets US Deal Alert - 4 January 2024, 14.00 UK time

    Onex is back in the market with OCP 2024-3, a US BSL deal.Pricing is targeted for the middle of this month via CIBC, according to investors.Onex priced five US CLOs ......

    4 January 2024

  • CLO Markets US Deal Alert - 3 January 2024, 20.45 UK time

    Citi is marketing the refinancing of Stratus Static CLO 2022-3, according to investors.This is a static deal managed by Blackstone, which originally priced in October 2022. ......

    3 January 2024

  • Markets resilient and ready to face pressure this year, says Fidelity

    Firms across the European senior secured loan market are feeling confident as they enter the new year, due to the significant primary market activity of new CLOs in the fourth ......

    3 January 2024

  • CLO Markets US Deal Alert - 22 December 2023 09.45 UK time

    Cerberus XLIV CLO, a new issue middle market CLO, managed by Cerberus Business Finance priced late yesterday via Wells Fargo.Cerberus XLIV CLO - New IssueClassMoody'sSize (M$)Par SubDMWAL&a ............

    22 December 2023

  • CLO Markets Daily - 21 December 2023

    *US new issues: Trinitas CLO XXVI’s senior notes price at +169bp, CIFC Funding 2023-III’s seniors at +160bp, Harvest XXXI at +189bp, Silver Rock CLO III&rsqu ............

    21 December 2023
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