CLO Markets

All Update archive

  • CLO Markets US Deal Alert - 27 March 2023, 16.00 UK time

    Price guidance is available for the mezzanine tranches of Trinitas CLO XXII, according to investors.Two weeks ago, the triple-As were shown in a +185bp context, according to investors.The de ............

    27 March 2023

  • CLO Markets US Deal Alert – 24 March 2023, 21.15 UK time

    Apidos CLO XLIV, a US BSL CLO managed by CVC Credit Partners, has priced via BofA.In the final structure, the junior triple-As have 36.5% of par subordination, up from 36% ......

    24 March 2023

  • CLO Markets Daily - 24 March 2023

    *EU spreads hold up better than feared during the week, but volatility was back on Friday*SCI Premium Content: CLO managers are increasingly investing in their own methodologies and disclosure proces ......

    24 March 2023

  • CLO Markets Daily - 23 March 2023

    *EU CLO spreads grinding tighter*Rebound of European Leveraged Loan Index (ELLI) “reassuring but may not prove as robust as it first appears”, says Fidelity.*When CLO secondary vo ............

    23 March 2023

  • CLO Markets Daily - 22 March 2023

    *US new issues: Flatiron CLO 23 marketed*Fitch sees little impact on EMEA CLOs from the recent failures of US regional banks, and expects no rating impact on CSAM’s EU CLOs ......

    22 March 2023

  • CLO Markets US Deal Alert - 22 March 2023, 16.15 UK time

    JPMorgan is marketing Flatiron CLO 23, a US BSL CLO managed by New York Life Investors.The deal is structured with the intent to comply with the EU risk retention and ......

    22 March 2023

  • CLO Markets Daily - 20 March 2023

    *EU Triple-As trade in 200 area/low 200s context in secondary market*EU manager trading activity down sharply, says BofA* BofA strategists find EU CLO triple-A paper “very cheap relative to ............

    20 March 2023

  • EU manager trading down sharply

    Trading activity amongst CLO managers has been volatile over the last 12 months with significant declines in March last year, before briefly recovering towards the end of last year, and ......

    20 March 2023

  • CLO Markets Daily - 17 March 2023

    *Market conditions turn sour; EU triple-A likely back in 200s*US new issues: CVC in market with Apidos XLIV (5% ramp); Ares CLO LXVIII’s guidance widened*US MM CLOs: Audax Senior Debt ......

    17 March 2023

  • CLO Markets US Deal Alert - 17 March 2023, 15.30 UK time

    BofA is marketing Apidos CLO XLIV, a US BSL CLO managed by CVC Credit Partners.Guidance is circulating. A minority equity is available, according to investors. Pricing is targeted for late ......

    17 March 2023

  • New-issue US AAA spreads could widen to 225-235bp for T1 managers

    US triple-A spreads in the primary market could widen to 225-235bp for top-tier managers, levels last seen in November 2022, according to Barclays credit analysts. Recent prints were below these ......

    17 March 2023

  • Direct investments in primary deals on the cards for Blackstone's BGLF

    An immediate exit opportunity would not be in the best interests of Blackstone Loan Financing Limited (BGLF) and shareholders as a whole, but direct investments in primary market CLOs managed ......

    17 March 2023

  • CLO Markets Daily – 16 March 2023

    *CSAM in market with US BSL and EU deals*US new issues: Senior triple-As (41.5% C/E) of Partners Group’s Pikes Peak 14 price at SOFR+195bp; seniors of Octagon 61 price at ......

    16 March 2023

  • CLO Markets US Deal Alert - 16 March 2023, 18.55 UK time

    A status update was distributed earlier today for Ares CLO LXVIII, a US BSL CLO managed by Ares Management. This is a print-and-sprint CLO with $0 ramp, according to ......

    16 March 2023

  • CLO Markets US Deal Alert - 16 March 2023, 11.00 UK time

    Nomura is marketing Madison Park Funding LXIII, a US BSL CLO managed by Credit Suisse Asset Management.The deal is expected to price on 27 March, according to investors.CSAM is also ......

    16 March 2023

  • CLO Markets US Deal Alert - 15 March 2023, 21.45 UK time

    MidOcean Credit CLO XII, a US BSL CLO managed by MidOcean Credit RR Manager, has priced via Deutsche Bank.The deal is intended to satisfy EU/UK risk retention compliance. MidOcean intends ......

    15 March 2023

  • CLO Markets Daily - 15 March 2023

    *EU secondary market brought to standstill by Credit Suisse’s woes*US new issues: Ares CLO LXVIII marketed; AB BSL CLO 4 priced*CLO managers’ “Annual sell perce ............

    15 March 2023

  • CLO Markets US Deal Alert - 15 March 2023, 12.00 UK time

    Goldman Sachs is marketing Ares CLO LXVIII, a US BSL CLO managed by Ares Management.Pricing is targeted for the week of 27 March, according to investors.-Par subs calculated assuming $500m ......

    15 March 2023

  • CLO managers' selling activity scrutinised

    CLO managers’ “Annual sell percentage” was 18.6% on average in the US (-1.9% over the past three months) and 17.2% in Europe (-2.1% over the past three months), accordin ............

    15 March 2023

  • CLO Markets US Deal Alert - 14 March 2023, 21.30 UK time

    OSD CLO 2023-27, a static CLO managed by Onex, has priced via Citi.The deal is static but 3% of cumulative prepayments can be reinvested in year 1 and 7% of ......

    14 March 2023

  • CLO Markets Daily - 14 March 2023

    *US new issues: Trinitas CLO XXII and BlackRock Mt. Hood CLO X marketed; Empower 23-1 priced US PRIMARY MARKETTrinitasCiti is marketing Trinitas CLO XXII, a US BSL managed ............

    14 March 2023
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