CLO Markets
All Update archive
-
CLO Markets US Deal Alert – 2 October 2023, 16.55 UK time
Golub Capital Partners is in the market with Golub Capital Partners CLO 70(B), a US BSL CLO, via Barclays, with pricing expected week of October 16. The deal is structured ......
2 October 2023
-
CLO Markets EU Deal Alert - 2 October 2023, 9.20 UK time
Invesco Euro CLO XI, a CLO managed by Invesco CLO Equity Fund IV, priced on Friday via Goldman Sachs (29 September).The final structure features €6m of junior triple-As. The single-Bs ......
2 October 2023
-
CLO Markets US Deal Alert – 2 October 2023, 16.00 UK time
Goldman Sachs is marketing the reset of Carlyle US CLO 2022-6, a US BSL CLO managed by Carlyle CLO Management.The transaction originally priced in October 2022; it had a 1NC/3RP ......
2 October 2023
-
Vade mecum to manager selection
BofA European strategists seek to help debt investors select CLO managers in their latest European CLO Weekly. While admitting that "manager selection is more of an art than a scien ......
2 October 2023
-
CLO Markets EU Deal Alert - 2 October 2023, 15.00 UK time
More details have emerged on Ares Euro CLO XVII, Ares’ first European new issue since November 2022. Price talk was released in the middle of last week, according to inves ......
2 October 2023
-
CLO Markets Daily - 29 September 2023
*EU resets: Bosphorus VII priced*US new issues: Ares CLO LXX and Octagon 68 match OHA 16’s 167.5bp print*EU spreads widen in secondary market*JPMorgan’s US CLO Investor S ............
29 September 2023
-
CLO Markets US Deal Alert - 29 September 2023, 18.55 UK time
Ares CLO LXX CLO Ltd, a US BSL CLO managed by Ares Management, has priced via Goldman Sachs.The preplaced triple-As priced at +167.5bp. The transaction was upsized by $50m. ......
29 September 2023
-
CLO Markets US Deal Alert - 29 September 2023, 14.30 UK time
Octagon 68 CLO, a US BSL CLO managed by Octagon Credit Investors, has priced via Wells Fargo.The preplaced Class A1 notes printed at SOFR+167.5bp – the same level as OHA ......
29 September 2023
-
CLO Markets EU Deal Alert - 29 September 2023, 17.35 UK time
The reset of Bosphorus CLO VII, a European CLO managed by Cross Ocean adviser, has priced via Deutsche Bank.The subordinated noteholders were invited to approve the terms of the reset ......
29 September 2023
-
Rise in amortisation as CLOs continue to exit RP
CLOs continue to exit their reinvestment periods (RP), with the figure currently standing at €62bn and potentially rising to €98.5bn by the end of 2024 if no resets are seen, ......
29 September 2023
-
CLO Markets US Deal Alert - 28 September 2023, 17.00 UK time
KKR CLO 48, a US BSL CLO managed by KKR Financial Advisors II, has priced via BofA.The triple-B tranche was split during the marketing process, creating a class of D1 ......
28 September 2023
-
CLO Markets EU Deal Alert - 28 September 2023, 15.30 UK time
Initial price thoughts are circulating for Palmer Square European CLO 2023-2, a reinvesting CLO managed by Palmer Square Europe Capital Management LLC. Pricing is expected early next week via Barclay ......
28 September 2023
-
CLO Markets US Deal Alert - 28 September 2023, 10.05 UK time
Deutsche Bank is marketing Generate CLO 13, a US BSL CLO managed by Generate Advisors. The deal is calculated assuming a $400m target portfolio. Generate CLO 13 - New issueClassM/SSize ......
28 September 2023
-
CLO Markets Daily - 28 September 2023
*EU new issues: IPTs out for PLMER 2023-2*US new issues: KKR 48 priced*US resets: IPTs out for BlackRock’s Magnetite XXXV*Fitch lowers year-end loan default rate forecast to c.3.0%, down fr ......
28 September 2023
-
CLO Markets US Deal Alert - 28 September 2023, 9.50 UK time
Initial price thoughts are available for the reset of Magnetite XXXV, according to investors.The transaction, managed by BlackRock, originally priced in July 2022. It had 9.9x of leverage at closing. ......
28 September 2023
-
CLO Markets EU Deal Alert - 27 September 2023, 21.00 UK time
Indigo Credit Management I, Pemberton’s inaugural CLO, priced this afternoon via JPMorgan.The senior notes priced at +178bp. A deal update in early September indicated that the Class A had ......
27 September 2023
-
CLO Markets Daily - 26 September 2023
*US new issues: PIMCO’s Balboa Bay Loan Funding 2023-2 priced* Signal Harmonic CLO I’s Class F notes to be sold at E+10.5%/par US PRIMARY MARKETPIMCOBalboa Bay L ............
26 September 2023
-
CLO Markets US Deal Alert - 26 September 2023, 16.50 UK time
Balboa Bay Loan Funding 2023-2, a US BSL CLO managed by PIMCO, has priced via Morgan Stanley.In the final structure, the junior triple-As have lost 1 percentage point of par ......
26 September 2023
-
CLO Markets Daily - 25 September 2023
*EU new issues: IPTs out for Blackstone’s Wilton Park CLO and CVC’s Cordatus XXIX*US: Returns on the year-to-end August period for loans reached 10%, compared to 12% for ............
25 September 2023
-
CLO Markets EU Deal Alert - 25 September 2023, 17.40 UK time
Initial price thoughts have emerged for CVC Cordatus Loan Fund XXIX, a European CLO managed by CVC Credit Partners Investment Management. Pricing is targeted for 5 October via BNP Paribas, ......
25 September 2023
-
CLO Markets EU Deal Alert - 25 September 2023, 16.10 UK time
Initial price thoughts are circulating for Wilton Park CLO, a European CLO managed by Blackstone Ireland. Pricing is targeted for next week via Morgan Stanley, according to investors.This is ............
25 September 2023