CLO Markets

All Update archive

  • CLO Markets US Deal Alert - 28 July 2023, 17.25 UK time

    Barings Private Credit Corporation CLO 2023-1, a static middle market CLO, has priced via BNP Paribas.Barings Private Credit Corporation is the manager. All assets going into the CLO were or ......

    28 July 2023

  • B minus rated debt in EU HY highest since 2010

    Barclays has estimated that the proportion of B- rated debt in the pan-European high yield market today is around 11% in nominal terms, up from 6% this time last year, ......

    28 July 2023

  • CLO Markets US Deal Alert - 28 July 2023, 20.00 UK time

    Canyon CLO 2023-1, a US BSL CLO managed by Canyon CLO Advisors, has priced via Goldman Sachs,The fixed-rate double-A rated tranche was removed during the marketing process (the notes were ......

    28 July 2023

  • CLO Markets Daily - 27 July 2023

    *EU new issues: Harvest CLO XXX’s triple-As price at +175bp, double-Bs at +820bp DM*JPMorgan analysts still expect US new issue triple-A spreads for tier-1 managers to compress -15 ............

    27 July 2023

  • CLO Markets EU Deal Alert - 27 July 2023, 18.00 UK time

    Investcorp's Harvest CLO XXX has priced via Citi. The Class A notes priced at +175bpThe deal was c.55% ramped as of last week.According to Review Port, the initial preliminary offering ......

    27 July 2023

  • CLO Markets Daily - 26 July 2023

    *EU new issues: IPTs out for Rockford Tower Europe CLO 2023-1; Cairn CLO XVII priced*RRME 14 rated notes to be redeemed in October*US new issues: Generate 12 formally priced EUROPEA ......

    26 July 2023

  • CLO Markets EU Deal Alert - 26 July 2023, 19.20 UK time

    Cairn CLO XVII, a European CLO managed by Cairn Loan Investments II (Polus), has priced via JPMorgan.The senior notes priced at +180bp, in line with IPTs.A Cairn transaction was rumoured ......

    26 July 2023

  • CLO Markets US Deal Alert - 26 July 2023, 15.05 UK time

    Generate CLO 12, a US BSL CLO managed by Generate Advisors, formally priced today.The deal was arranged by Goldman Sachs. Generate ......

    26 July 2023

  • CLO Markets EU Deal Alert - 26 July 2023, 12.10 UK time

    Initial price thoughts are available for Rockford Tower Europe CLO 2023-1, a European CLO managed by Rockford Tower Capital Management (King Street).Pricing is targeted for next week via Barclays, ac ......

    26 July 2023

  • CLO Markets Daily - 25 July 2023

    *EU new issues: IPTs out for Bridgepoint V; Onex in market with deal featuring senior/junior single-Bs; Harvest 30's talk tightened*US refis: partial refinancing of Elmwood CLO XVIII markete ............

    25 July 2023

  • CLO Markets EU Deal Alert - 25 July 2023, 17.20 UK time

    Price guidance on Investcorp's Harvest CLO XXX has been updated.Levels for the double-As, single-As, triple-Bs and double-Bs have been revised significantly tighter.Pricing is targeted for 27 July vi ............

    25 July 2023

  • CLO Markets US Deal Alert - 25 July 2023, 17.00 UK time

    Elmwood Asset Management is seeking to partially refinance Elmwood CLO XVIII (ELM18 2022-5), a US BSL deal that priced on 16 June 2022.The refi is handled by Citi. Elmwood CLO ......

    25 July 2023

  • CLO Markets EU Deal Alert - 25 July 2023, 16.40 UK time

    Morgan Stanley is marketing Bridgepoint CLO V, a European CLO managed by Bridgepoint Credit Management Limited.Pricing is targeted for the end of next week, according to investors.Bridgepoint CLO VCl ............

    25 July 2023

  • CLO Markets EU Deal Alert - 25 July 2023, 11.15 UK time

    Jefferies is marketing OCP Euro CLO 2023-7, a European CLO managed by Onex Credit Partners, according to investors.Onex’s previous European deal, OCP Euro CLO 2022-6, was a static transacti ............

    25 July 2023

  • CLO Markets Daily - 24 July 2023

    *Higher interest rates making new CLO deals challenging, says Kempen's Roul Haerden*EU new issues: Bain Capital Euro CLO 2023-1 priced*US new issues: Barings Private Credit Corporation CLO 2023-1 and ............

    24 July 2023

  • CLO Markets US Deal Alert - 24 July 2023, 17.25 UK time

    BNP Paribas is marketing Barings Private Credit Corporation CLO 2023-1, a static middle market CLO. Barings Private Credit Corporation is the manager.All assets going into the CLO were originated and ......

    24 July 2023

  • CLO Markets EU Deal Alert - 24 July 2023, 17.05 UK time

    Bain Capital Euro CLO 2023-1 has priced via Jefferies.The Class A notes priced at +175bp, the tight end of guidance.The deal is managed by Bain Capital Credit U.S. CLO Manager ......

    24 July 2023

  • Higher interest rates making new CLO deals challenging, says Kempen

    Higher interest rates are making the formation of new CLO deals more challenging, Roul Haerden head of Fixed Income & Alternative Credit at Van Lanschot Kempen Investment Management ............

    24 July 2023

  • CLO Markets EU Deal Alert - 21 July 2023, 14.05 UK time

    A deal update is circulating for Harvest CLO XXX, a European CLO managed by Investcorp.The structure has been modified, slightly lifting the par subordination of the Class A notes. The ......

    21 July 2023

  • CLO Markets Daily - 20 July 2023

    *US new issues: Generate 12 update; Guggenheim MM-C CLO 2023-5 priced*Class E notes of Phoenix Park CLO (Blackstone) downgraded to B3 from B2 by Moody’s*Barings and Lakemore partne ............

    20 July 2023

  • CLO Markets Daily - 19 July 2023

    *EU new issues: Nassau III priced*US new issues: Sycamore Tree CLO 2023-4 update; Ares’ Ivy Hill Middle Market Credit Fund XXI priced*Private credit has probably taken up to around $150bn ......

    19 July 2023
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