CLO Markets
All Update archive
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CLO Markets US Deal Alert - Palmer Square CLO 2022-5 priced
Palmer Square CLO 2022-5 priced today via BofA after being upsized by c.$100m.The transaction is managed by Palmer Square Europe Capital Management and has a 2NC/5RP term structure.The preliminary OC ......
23 August 2022
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CLO Markets US Deal Alert – Capital Four marketing static deal
Capital Four is in the market with a static US deal, called Capital Four US CLO II, according to investors.The transaction, arranged by JPMorgan, has a non-call period of one ......
22 August 2022
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CLO Markets US Deal Alert - Elmwood 19 and HalseyPoint CLO 6 priced
The US primary market was active this week. A few deals (Elmwood CLO 19, HalseyPoint CLO 6) priced today or moved closer to pricing (Palmer Square 22-5). Barings (via BofA) ......
19 August 2022
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CLO Markets EU Deal Alert – 19 August 2022, 13.20 UK time
HayFin Emerald CLO X has priced via Jefferies.The Class A notes priced at a discount margin of +200bp. The deal size is €429m, larger than the €383.5m indicated in the ......
19 August 2022
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CLO Markets US Deal Alert – Symphony CLO 36 priced
Symphony CLO 36 has priced via BofA.The deal is managed by Symphony Alternative Asset Management, an affiliate of Nuveen Asset Management.The original structure featured a Class X (guided at +170a), ......
16 August 2022
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CLO Markets US Deal Alert – 12 August 2022, 17.00 UK time
Blackstone Liquid Credit Strategies’ Storm King Park priced this afternoon via Citi.The senior notes priced at SOFR+205bp. Several tranches priced inside guidance.The size of the equity pie ............
12 August 2022
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EU CLO managers add uptier priming feature to restructuring toolbox
The summer break seems to be the time of the year when European CLOs go through substantial upgrades with a view to getting ready for more challenging times.In the summer ......
12 August 2022
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CLO Markets Daily – 12 August 2022
* EU CLO managers add uptier priming feature to restructuring toolbox* CLO holdings across US banks increased by around $10bn over the second quarter of 2022; US Bank demand likely ......
12 August 2022
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CLO Markets Daily – 11 August 2022
* EU new issues: HayFin X resurfaces ; pricing targeted for end of next week* Current market conditions give opportunity to lock-in greater returns on current investments than could have ......
11 August 2022
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CLO Markets US Deal Alert – 11 August 2022, 17.15 UK time
Jefferies is marketing Trysail 2022-1, a US CLO managed by Sancus Credit Advisors LP. Pricing is targeted for the week of 22 August, according to investors.The deal is EU risk-retention ......
11 August 2022
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CLO Markets EU Deal Alert – 11 August 2022, 11.00 UK time
HayFin Emerald CLO X has resurfaced with pricing now targeted for the end of next week, according to investors.The transaction, arranged by Jefferies, has a one-year NC period and two-year ......
11 August 2022
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CLO Markets Daily – 10 August 2022
* US new issues: Blackstone’s Storm King Park set to price on Friday* Trading in secondary market more patchy, but tightening bias for EU triple-As still in place* Moody’s downgra ......
10 August 2022
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CLO Markets US Deal Alert – 10 August 2022, 16.30 UK time
Blackstone Liquid Credit Strategies’ Storm King Park is expected to price on Friday, according to investors.All the rated tranches are now subject, except the triple-As ($19m are still avai ............
10 August 2022
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CLO Markets Daily – 9 August 2022
* US new issues: senior notes of OCP CLO 2022-25 (1.9NC/3.9RP) price at SOFR+235bp* Primary-market US CLO triple-As now appear cheap compared with secondary spreads, according to BarclaysUS PRIMARY M ......
9 August 2022
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CLO Markets US Deal Alert – 9 August 2022, 16.15 UK time
Onex Credit Partners’ OCP CLO 2022-25 has priced via Credit Suisse.The deal has a 1.9NC/3.9RP term structure.According to Review Port, the initial preliminary offering documentation was lig ............
9 August 2022
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CLO Markets Daily – 8 August 2022
* US CLOs: Centerbridge prices inaugural BSL CLO* Upcoming rate hikes to push yield of floating rate assets higher, adding further value for ABS/CLO investors, according to TwentyFour Asset Managemen ......
8 August 2022
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CLO Markets US Deal Alert - Centerbridge prices inaugural BSL CLO
Park Blue CLO 2022-I, Centerbridge Credit Funding Advisors’ inaugural CLO transaction, priced on Friday via Morgan Stanley.The senior triple-As priced at +245bp, slightly outside IPTs.Accor ............
8 August 2022
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CLO Markets Daily – 5 August 2022
* EU new issues: Fidelity Grand Harbour CLO 2022-1 priced* 2022 vintage CLOs with short NC likely to be trickier to reset than 2020 vintage, says Barclays* Overlaps: US CLO ......
5 August 2022
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CLO Markets EU Deal Alert – 5 August 2022, 16.30 UK time
Fidelity Grand Harbour CLO 2022-1, a European CLO managed by FIL Investments International, has priced via Morgan Stanley.The senior notes priced at +210bp and the double-Bs at +875bp DM. The ......
5 August 2022
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2022 vintage CLOs with short NC likely to be trickier to reset than 2020 vintage, says Barclays
US CLOs issued this year with a short non-call period may prove to be tricky to reset, as market conditions in 2023 are likely to look different from those that ......
5 August 2022
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CLO Markets Daily – 4 August 2022
* EU new issues: BCCE 2022-2’s pricing details formally released* US new issues: Blackstone markets new BSL deal; Irradiant Partners prices deal with longer NC period for Class A-1 notes ......
4 August 2022