CLO Markets

All Update archive

  • 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

  • CLO Markets US Deal Alert - 24 May 2023, 15.10 UK time

    HPS Loan Management 2023-18, a US BSL CLO managed by HPS Investment Partners, priced on Tuesday via RBC Capital Markets.According to Review Port, the “initial preliminary offering ............

    24 May 2023

  • EU CLO deal pipeline

    New issue pipelineManagerSize €mArrangerStatus/timingLast storyContego XIFive Arrows342.1BofAIPTs; pricing this weekLinkInvesco Euro CLO XInvesco390.8BarclaysIPTs; pricing early-mid w/c ............

    24 May 2023

  • CLO Markets Daily - 23 May 2023

    *EU new issues: CSAM’s MDPKE 19 expected to price on Thursday*US primary market: HalseyPoint CLO 7 marketed; Oaktree 2023-II expected to price on Friday*WA spread of loans ............

    23 May 2023

  • CLO Markets EU Deal Alert - 23 May 2023, 16.15 UK time

    Several tranches of CSAM’s Madison Park Euro Funding XIX are now subject, according to investors. But the triple-Bs and double-Bs were not covered yet, based on a deal update sent ......

    23 May 2023

  • CLO Markets US Deal Alert - 23 May 2023, 15.00 UK time

    Oaktree 2023-II, a US BSL CLO managed by Oaktree Capital Management, is expected to price on Friday via Morgan Stanley, according to investors.All tranches were subject earlier today, except the ......

    23 May 2023

  • Lev finance spreads likely to widen on H2

    The maturity walls in the European leveraged finance sector can delay defaults this year and the second quarter, but they will not “offer much protection from spread widening” in ......

    23 May 2023

  • CLO Markets Daily - 22 May 2023

    *US new issues: Fortress Credit BSL XIX expected to price early next week; talk on Barings 2023-II’s double-As and double-Bs revised*BofA US strategists expect Japanese investor de ............

    22 May 2023
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