CLO Markets

All Update archive

  • Brigade Capital seeks flexibility for old Armada deals

    Brigade Capital is seeking to amend the terms of some of its Armada CLOs to allow subordinated noteholders to commit fresh capital for the purpose of participating in workout situations, ......

    25 April 2023

  • CLO Markets US Deal Alert - 25 April 2023, 16.10 UK time

    BNP Paribas is marketing Juniper Valley Park CLO, a US BSL managed by Blackstone CLO Management.Pricing is targeted for 5 May. Juniper Valley Park CLOClassS/MSize (M$)Size (%)C/EWALMVOCGuidance (SOFR ............

    25 April 2023

  • CLO Manager corner - GoldenTree Asset Management

    GoldenTree Asset Management has reinvented the way it executes CLOs, Kathy Sutherland, ceo and partner of the firm, tells Structured Credit Investor.“We have optimised our programme to allo ............

    25 April 2023

  • CLO Markets EU Deal Alert - 24 April 2023, 18.40 UK time

    Price guidance is available for Anchorage Capital Europe CLO 8, a European CLO managed by Anchorage CLO ECM.Pricing is targeted for this week via Jefferies, according to investors.The transaction is ......

    24 April 2023

  • CLO Markets EU Deal Alert - 24 April 2023, 16.05 UK time

    Initial price thoughts are circulating for Palmer Square European CLO 2023-1, a reinvesting CLO managed by Palmer Square Europe Capital Management LLC.The Class A, which contains a sizeable lead inte ......

    24 April 2023

  • CLO Markets Daily - 24 April 2023

    *EU new issues: IPTs out for Palmer Square European CLO 2023-1; price talk for BECLO 14 and guidance for Anchorage 8*2023 annualised returns for US CLO equity around 1% by ......

    24 April 2023

  • CLO Markets EU Deal Alert - 24 April 2023, 19.40 UK time

    Price talk is available for BlackRock European CLO XIV, a European CLO managed by BlackRock Investment Management (UK) Ltd.The Class F notes are being placed at a price talk in ......

    24 April 2023

  • CLO Markets Daily - 21 April 2023

    *EU CLOs: CVC Cordatus Loan Fund XXVII upsized*EU spreads firmer; triple-As finish week at c.175-180s*US CLOs: Carlyle US CLO 2023-1 priced*Banking, finance, insurance, and real estate seen ............

    21 April 2023

  • CLO Markets EU Deal Alert - 21 April 2023, 14.25 UK time

    CVC Cordatus Loan Fund XXVII, a European CLO managed by CVC Credit Partners Investment Management, has been upsized by €46m two weeks after the original pricing.The deal was arranged by ......

    21 April 2023

  • Banking, finance, insurance, and RE seen as most risky sectors in EU CLOs

    Banking, finance, insurance, and real estate are the most risky sectors in European CLO collateral,amid the greater proportion of high spread, distressed and illiquid assets combined with th ............

    21 April 2023

  • CLO Markets US Deal Alert - 20 April 2023, 20.20 UK time

    Palmer Square CLO 2023-2, a US BSL CLO managed by Palmer Square Capital Management, has priced via JPMorgan.The deal includes ESG focused eligibility criteria.-MVOC as of 10 April*Calculated in Intex ......

    20 April 2023

  • Manager matters

    Post-reinvestment criteria, WAL tests, prepayments and triple-C buckets were hot topics on Tuesday, at IMN's 12th CLOs and Leveraged Loans conference in New York.CLO managers were keen to remind conf ......

    19 April 2023

  • Macro focus

    IMN's 12th CLOs and Leveraged Loans conference started on Monday in New York, with 1,200 registered participants and a strong focus on the deteriorating macro environment. However panellists also mad ......

    18 April 2023

  • CLO Markets US Deal Alert - 18 April 2023, 10.15 UK time

    All classes of US BSL CLO Carlyle US CLO 2023-1 have gone subject based on a $500m target par, with pricing slated for 21 April 2023 at 9:30am NY time. ......

    18 April 2023

  • CLO Markets US Deal Alert - 17 April 2023, 10.15 UK time

    US BSL CLO Vibrant CLO XVI, managed by Vibrant Credit Partners, priced late Friday via BNP Paribas. Vibrant CLO XVIClassS&P/M/FSize (M$)SUBCoupon (SOFR +)A-1ANR/Aaa/NR18338.00%210A-1ALNR/A ............

    17 April 2023

  • CLO Markets EU Deal Alert - 14 April 2023, 19.45 UK time

    AlbaCore Euro CLO V priced today.The Class A notes priced at E+190bp, the wide end of guidance. Protection existed on certain tranches.The target par is € 350m (modelled price:96.25%; all-in ......

    14 April 2023

  • CLO Markets US Deal Alert - 14 April 2023, 11.00 UK time

    US BSL CLOs Apidos CLO XLV and Texas Debt Capital CLO 2023-II priced yesterday. Both were arranged by Bank of America, with the former structured with the intent to comply ......

    14 April 2023

  • CLO Markets EU Deal Alert - 13 April 2023, 20.15 UK time

    AlbaCore Euro CLO V is expected to price tomorrow (Friday), according to investors. Guidance has been revised on the Class B1, D and E.The structure has been modified, leading to ......

    13 April 2023

  • CLO Markets US Deal Alert - 13 April 2023, 11.00 UK time

    Palmer Square 2023-2, a US BSL CLO, managed by Palmer Square Capital Management, is being marketed by JPMorgan.The deal has been calculated based on a target par amount of $400m ......

    13 April 2023

  • CLO Markets US Deal Alert - 13 April 2023, 09.00 UK time

    OHA Credit Funding 15, a US BSL CLO managed by Oak Hill Advisors, priced yesterday via BNP Paribas.OHA Credit Funding 15 ClassSize ($m)S/M/FSubordinationCouponDMA202.00NR/Aaa/NR37.00%SOFR+183183 ............

    13 April 2023

  • BofA spots value either side of the Atlantic

    The latest research from Bank of America (BofA) European CLO analysts examines relative value between European and US CLOs. It finds opportunities in both products in different parts of the ......

    11 April 2023
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