CLO Markets

All Update archive

  • EU CLO issuance likely to decline to c.€22bn this year

    Primary activity for US BSL CLOs will likely hover near $85bn in 2023 (c.$37bn already issued YTD), while new European CLO issuance is likely to be around €22bn (c.€10.6bn issued ......

    2 June 2023

  • CLO Markets EU Deal Alert - 2 June 2023, 8.40 UK time

    Invesco Euro CLO X, a CLO managed by Invesco, priced on Thursday via Barclays.The Class A notes priced at E+188bp.According to Review Port, the preliminary offering documentation was overly flexible ......

    2 June 2023

  • CLO Markets Daily - 1 June 2023

    *EU new issues : CVC in market with CORDA 28*US new issues: Fortress priced*Median cash interest paid by speculative-grade entities as a share of adjusted total debt set to rise ......

    1 June 2023

  • CLO Markets US Deal Alert - 1 June 2023, 17.00 UK time

    Fortress Credit BSL XIX, managed by FC BSL XIX Management (Fortress) priced today via Goldman Sachs.Based on a $480m target par (up from $400m originally), the transaction is intended to ......

    1 June 2023

  • CLO Markets EU Deal Alert - 1 June 2023, 15.40 UK time

    Barclays is marketing CVC Cordatus Loan Fund XXVIII, a European CLO managed by CVC Credit Partners Investment Management.Pricing is targeted for next week.CVC Cordatus Loan Fund XXVII priced in April ......

    1 June 2023

  • CLO Markets Daily - 31 May 2023

    *US new issues: senior triple-As of Barings CLO Ltd. 2023-II price at SOFR+175bp*Defaults should peak in the fourth quarter of 2024 at 9% for US HY, 11.3% for US Loans, ......

    31 May 2023

  • CLO Markets US Deal Alert - 31 May 2023, 18.05 UK time

    Barings CLO Ltd. 2023-II, a US BSL CLO managed by Barings LLC, has priced via BofA.The preplaced Class A1 notes priced at SOFR+175bp. The stated maturity of these notes is ......

    31 May 2023

  • CLO Markets Daily - 30 May 2023

    *EU new issues: IPTs out for Fidelity Grand Harbour 23-1 and Blackstone’s Glenbrook Park*Fitch hikes 2023 default rate forecast for US leveraged loans to 4.0%-4.5% from 2.5%-3.0% p ............

    30 May 2023

  • CLO Markets EU Deal Alert - 30 May 2023, 12.40 UK time

    Initial price thoughts are circulating for Glenbrook Park CLO, a European CLO managed by Blackstone Ireland.The transaction is expected to price in the week of 5 June via BNP Paribas, ......

    30 May 2023

  • CLO Markets EU Deal Alert - 30 May 2023, 13.50 UK time

    Initial price thoughts have been released for Fidelity Grand Harbour CLO 2023-1, a European CLO managed by FIL Investments International (Fidelity).Pricing is targeted for the end of this week, accor ......

    30 May 2023

  • CLO Markets Daily - 26 May 2023

    *EU new issues: Rothschild’s upsized Contego XI priced*EU triple-A secondary-market spreads finish week stable to softer; triple-Bs and double-Bs slightly wider*US new issues: Oakt ............

    26 May 2023

  • CLO Markets EU Deal Alert - 26 May 2023, 18.20 UK time

    Five Arrows Managers’ Contego CLO XI has priced via BofA. NatWest Markets was co-placement agent.As previously reported, the deal was upsized by €25m.The Class A notes priced at +1 ............

    26 May 2023

  • CLO Markets US Deal Alert - 26 May 2023, 16.15 UK time

    Oaktree 2023-II has priced via Morgan Stanley.Reinvestment Period End: 07/20/2028Non-Call End: 07/20/2025Offering Type: 144A/REG SClosing Date: 07/07/2023 Portfolio stats (18 May)Target Par: ............

    26 May 2023

  • CLO Markets EU Deal Alert - 26 May 2023, 16.45 UK time

    Five Arrows Managers’ Contego CLO XI has been upsized by €25m ahead of pricing, according to investors.The Class A notes are set to price at +185bp.BofA is the arranger. NatWest ......

    26 May 2023

  • CLO Markets Daily - 25 May 2023

    *EU new issues: Seniors of CSAM’s MDPKE 19 price at +190bp; Contego XI expected to price tomorrow*US new issues: CGMS 2023-2, Sculptor CLO XXXI and Golub Capital Partners CLO 67(M) ......

    25 May 2023

  • CLO Markets EU Deal Alert - 25 May 2023, 20.00 UK time

    Five Arrows Managers’ Contego CLO XI, a European CLO, is expected to price tomorrow. Guidance on the double-B rated Class E notes has been widened, according to investors.The Class A ......

    25 May 2023

  • CLO Markets US Deal Alert - 25 May 2023, 18.20 UK time

    Carlyle US CLO 2023-2, a BSL CLO managed by Carlyle CLO Management, has priced via Goldman Sachs.The senior notes priced at SOFR+178bp. The senior notes of Carlyle US CLO 2023-1 ......

    25 May 2023

  • CLO Markets EU Deal Alert - 25 May 2023, 16.05 UK time

    CSAM’s Madison Park Euro Funding XIX has priced via Natixis.The Class A notes priced at +190bp, the wide end of IPTs. The single-As priced at +390bp, comfortably inside IPTs and ......

    25 May 2023

  • CLO Markets EU Deal Alert - 25 May 2023, 9.20 UK time

    CSAM’s Madison Park Euro Funding XIX is expected to price today, according to investors. Natixis, the arranger, is conducting a one-time test to bring the single-As inside 400bp and price ......

    25 May 2023

  • CLO Markets Daily - 24 May 2023

    *EU new issues: Contego XI update*US new issues: KKR 52 and HPS Loan Management 2023-18 priced*SCI News: CLO manager differentiation eyed* The reduction in the excess sprea ............

    24 May 2023

  • CLO Markets EU Deal Alert - 24 May 2023, 16.10 UK time

    A deal update is circulating for Five Arrows Managers’ Contego CLO XI, a European CLO. The Class A notes are 1.2x covered at the +185bp area guidance, according to investors.The ......

    24 May 2023
×