CLO Markets

All Update archive

  • CLO Markets Daily - 16 August 2023

    *US new issues: MJX VENTR 2023-48 talk widened*Morgan Stanley August CLO manager factbook*Dryden 32 Euro CLO 2014’s Class F-R notes downgraded to Caa1 from B3*Credit quality of the loans ba ......

    16 August 2023

  • CLO Markets Daily - 15 August 2023

    *US new issues: HPS’ HLEND 23-1 upsized; 720 East CLO 2023-II and TCW 23-1 priced*US resets: ELM19 2022-6 priced*Eagle Point remains wary of investing in new-issue CLO equity, but ......

    15 August 2023

  • CLO Markets US Deal Alert - 15 August 2023, 16.50 UK time

    HLEND CLO 2023-1, a US private credit CLO managed by HPS Corporate Lending Fund, has been upsized to $425m.The transaction is expected to go subject this week and to price ......

    15 August 2023

  • Gap between new-issue and secondary-market CLO equity declining

    Eagle Point remains wary of investing in new-issue CLO equity, but thinks that the differential between secondary-market and new-issue levels is reducing. “We are probably turning the corne ............

    15 August 2023

  • CLO Markets Daily - 14 August 2023

    *US new issues: MJX VENTR 2023-48 marketed*US resets: price talk out for Ares Loan Funding II, LCM 38*European loan market sees fewer Liability Management exercises where one group of lender ......

    14 August 2023

  • CLO Markets US Deal Alert - 14 August 2023, 11.10 UK time

    Deutsche Bank is marketing the reset of LCM 38, Ltd, a US BSL CLO managed by LCM EURO.Pricing of the deal is expected next week (week of 21 August). The ......

    14 August 2023

  • CLO Markets Daily - 11 August 2023

    *EU new issues: OCPE 23-7 expected to price on Thursday*US new issues: Octagon 70 Alto under guidance*Blocks of EU triple-As easily absorbed in secondary market*Equity distributions likely t ............

    11 August 2023

  • Equity distributions likely to stay range-bound in US, rise slightly in Europe

    Barclays credits analysts think that equity distributions have peaked for US BSL CLOs and should remain range-bound in the near term. They expect distributions among European CLOs to rise to ......

    11 August 2023

  • CLO Markets Daily - 10 August 2023

    *EU new issues: OCP Euro CLO 2023-7’s triple-As now rated by Moody’s, with make-whole provision*US new issues: Bryant Park Funding 2023-21 under guidance*US primary CLO spreads fa ............

    10 August 2023

  • CLO Markets EU Deal Alert - 10 August 2023, 16.20 UK time

    The triple-As of OCP Euro CLO 2023-7, a European CLO managed by Onex Credit Partners, are now rated by Moody’s, which replaces S&P. The Class A notes are expected to ......

    10 August 2023

  • CLO Markets Daily - 9 August 2023

    *US new issues: price talk out for PGIM’s Dryden 102 CLO and Barings CLO 2023-III; Wise CLO 2023-1, Bain Capital Credit CLO 2023-4 priced*Optional redemption considered for BOPHO ......

    9 August 2023

  • Note redemption considered

    Some holders of Bosphorus CLO VII's equity have contacted Cross Ocean Adviser LLP, the investment manager, to assess options available which may lead to an Optional Redemption of some or ......

    9 August 2023

  • CLO Markets US Deal Alert - 9 August 2023, 10.25 UK time

    Bain Capital Credit CLO 2023-4 priced via Morgan Stanley on Tuesday after being upsized.The transaction is managed by Bain Capital Credit U.S. CLO Manager II.The deal is structured as intended ......

    9 August 2023

  • CLO Markets US Deal Alert - 9 August 2023, 10.05 UK time

    Morgan Stanley is marketing Barings CLO 2023-III, a US BSL CLO managed by Barings. Barings 2023-IIIClassS&PSize (M$)C/EWALMVOC, bid IPTsAAAA32036.00%6.2154.07%Call DeskBAA6024.00%8.4 ............

    9 August 2023

  • CLO Markets US Deal Alert - 9 August 2023, 9.30 UK time

    BofA is marketing Dryden 102 CLO, a US BSL CLO managed by PGIM Inc.Pricing is targeted for the week of 21 August, according to investors. Dryden 102ClassS/MSize (M$)Size (%)PAR ......

    9 August 2023

  • CLO Markets EU Deal Alert - 8 August 2023, 17.15 UK time

    Bridgepoint CLO V, a European CLO managed by Bridgepoint Credit Management priced this afternoon. The deal was arranged by Morgan Stanley.This is the platform’s first deal this year, Bridge ............

    8 August 2023

  • CLO Markets EU Deal Alert - 5 August 2023, 8.45 UK time

    Rockford Tower Europe CLO 2023-1, a European CLO managed by Rockford Tower Capital Management (King Street), priced on Friday after being upsized.The deal was arranged by Barclays.King Stree ............

    5 August 2023

  • CLO Manager Corner - RBC BlueBay

    Ashley Blatter, portfolio manager, securitised credit & CLO management, at RBC BlueBay, reflects on the year-on-year drop in CLO issuance, its causes and expectations for the future for his f ......

    4 August 2023

  • CLO Markets US CLO Deal Alert - 3 August 2023, 17.10 UK time

    Sycamore Tree CLO 2023-4, a US BSL managed by Sycamore Tree CLO Advisors has priced via Citi. Par subs are calculated assuming $400m target portfolio:Sycamore Tree CLO 2023-4ClassS&PSize (M$) ............

    3 August 2023

  • CLO Markets US Deal Alert - 2 August 2023, 16.55 UK time

    The reset of RR 23 Ltd, a US BSL CLO managed by Redding Ridge Asset Management, has priced. As part of the process, the deal was upsized to $850m target ......

    2 August 2023

  • EU CLO roundup - July 2023

    *EU new CLO issuance reaches €1.9bn in July*Availability of collateral not an impediment to issuing new CLOs, liabilities are a bigger stumbling block, says MV Credit’s Lu ............

    2 August 2023
×