CLO Markets
All Update archive
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CLO Markets US Deal Alert - 13 November 2023, 17.00 UK time
The rated tranches of OCP Aegis CLO 2023-29, a US new issue BSL CLO managed by Onex Credit Partners, have gone subject, according to investors. Some equity is still available.The ......
13 November 2023
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CLO Markets US Deal Alert - 13 November 2023, 16.00 UK time
Blackstone is in the market with Hartwick Park CLO, a US BSL CLO with a 1NC/2RP term structure, according to investors. The deal is structured with the intent to be ......
13 November 2023
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CLO Markets EU Deal Alert - 13 November 2023, 16.20 UK time
Barclays is marketing Cairn CLO XVI, a European CLO managed by Cairn/Polus, according to market sources. Marketing is still at an early stage, with some preliminary marketing material and some ......
13 November 2023
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$110bn of US CLO issuance forecast for 2024
BofA US strategists forecast $110bn of CLO gross issuance next year in the US ($75 for BSL CLOs and $35bn for Middle Market CLOs). Net issuance is expected to reach ......
13 November 2023
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Opportunities across the CLO stack in the US, IG bonds favoured in Europe
US CLOs offer opportunities across the debt stack throughout 2024, while investment-grade CLOs are a better bet in Europe, Morgan Stanley strategists say in the firm's 2024 ............
13 November 2023
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CLO Markets Daily - 10 November 2023
*EU new issues: Arini prices inaugural CLO*EU spreads tighten further in secondary market*US new issues: Carlyle 23-5 priced; Madison Park Funding LXI marketed*US resets: Dryden 112 CLO pric ............
10 November 2023
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CLO Markets US Deal Alert - 10 November 2023, 15.25 UK time
CSAM is in the market with Madison Park Funding LXI, a US BSL CLO with a 2NC/5RP term structure, according to investors.Pricing is targeted before Thanksgiving via BNP Paribas, structuring ......
10 November 2023
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CLO Markets US Deal Alert - 10 November 2023, 16.45 UK time
The reset of Dryden 112 CLO, a US BSL CLO managed by PGIM that originally priced in July 2022, has priced via JPMorgan.The reset announcement suggested that the transaction would ......
10 November 2023
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CLO Markets US Deal Alert - 10 November 2023, 15.55 UK time
Carlyle US CLO 2023-5, a US BSL CLO managed by Carlyle, has priced via Goldman Sachs.Carlyle US CLO 2023-5 (CGMS 2023-5) - New issueClassM/FSize (M$)C/E %WALCouponDMPriceA1Aaa/AAA310 &nb ............
10 November 2023
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Loan defaults outpace bond defaults
Barclays analysts have said this year has seen an unusual anomaly as loan defaults outpaced bond defaults.According to the bank’s latest Credit Strategy note, Barclays forecasts US issuer-w ............
10 November 2023
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CLO Markets EU Deal Alert - 10 November 2023, 16.30 UK time
Arini European CLO I, Arini’s inaugural CLO, has priced via BofA.The Class A notes priced at E+190bp. No IPTs were available for this tranche. The double-As down to triple-Bs priced ......
10 November 2023
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CLO Markets Daily - 9 November 2023
*EU new issues: Blackstone’s Cumulus Static CLO 2023-1 priced; HayFin XII guidance widened; Arini CLO I set to price tomorrow; Sona’s pricing targeted for Friday/Monday*U ............
9 November 2023
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CLO Markets US Deal Alert - 9 November 2023, 20.15 UK time
Blackstone is in the market with BCRED CLO 2023-1, an inaugural Private Credit CLO. The transaction is structured with the intent to comply with EU Risk Retention rules. Blackstone Private ......
9 November 2023
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CLO Markets US Deal Alert - 9 November 2023, 19.45 UK time
Sound Point CLO 37 Ltd, a US BSL CLO, managed by Sound Point, has priced via BNP Paribas.The deal is EU/UK risk-retention compliant. The CLO manager’s previous deal, SNDPT 2023-36, ......
9 November 2023
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CLO Markets EU Deal Alert - 9 November 2023, 19.40 UK time
Cumulus Static CLO 2023-1, a static European CLO managed by Blackstone Ireland Limited, has priced via BofA.The deal has been upsized by c.€25m. The par subordination of the different tranch ......
9 November 2023
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CLO Markets US Deal Alert - 9 November 2023, 18.40 UK time
The reset of Marble Point CLO XXV, a US BSL CLO managed by Investcorp Credit Management, has priced via Deutsche Bank.Marble Point CLO XXV, originally sized at $300m, priced in ......
9 November 2023
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CLO Markets US Deal Alert - 9 November 2023, 16.00 UK time
Initial price thoughts are circulating for Deerpath Capital CLO 2023-2, a US middle market cash flow CLO managed by Deerpath Capital Management.GreensLedge Capital Markets is the placement agent whil ............
9 November 2023
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Board diversity and governance policies weakest in leveraged finance
When it comes to sustainability in leveraged finance, board diversity and governance policies are the weakest-scored areas within CLO portfolios in EMEA and North America, according to Sustainable Fi ............
9 November 2023
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CLO Markets EU Deal Alert - 9 November 2023, 11.55 UK time
Price guidance has been widened on HayFin Emerald CLO XII, a European CLO managed by HayFin.Pricing is targeted for the end of this week/ early next week via Jefferies, according ......
9 November 2023
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CLO Markets EU Deal Alert - 9 November 2023, 11.00 UK time
Sona Fios CLO I, an inaugural CLO for Sona Asset Management, is expected to price either on Friday or Monday, according to investors.The capital structure has been rejigged, with the ......
9 November 2023
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CLO Markets EU Deal Alert - 9 November 2023, 10.15 UK time
Arini European CLO I, Arini’s inaugural CLO, is expected to price on Friday, according to investors.A status update was distributed yesterday with revised guidance on the Classes B, C and ......
9 November 2023