CLOs

  • CVC drags triple-A CLO spreads tighter again

    CVC drags triple-A CLO spreads tighter again

    CVC Credit Partners has priced the tightest US CLO of the month selling the senior notes at 113bp over three month Libor, underscoring the robust demand for the product.

  • Denmark's Capital Four expands US CLO business

    Denmark's Capital Four expands US CLO business

    European CLO managers are growing their presence in the US, lured by tighter spreads and growing demand from investors and running contrary to the previous trend for US managers to plot European expansion.

  • CarVal comes Clean on ESG CLOs

    CarVal comes Clean on ESG CLOs

    CarVal Investors has launched a new CLO platform that looks to advance the sophistication of investing along environmental, social and governance lines in US capital markets.

  • Park Avenue returns to the market with first CLO

    Park Avenue returns to the market with first CLO

    Park Avenue Institutional Advisers, a subsidiary of the Guardian Life Insurance Company of America, has returned to the market with its first CLO of the year. It is the latest in what has been a record number of issuers in the market in a single year and there is no sign of any let-up in activity.

  • Sound Point joins CLO repricing wave

    Sound Point joins CLO repricing wave

    CLO issuers are flooding the market with repricings of old deals to lower their cost of financing. Sound Point Capital is the latest manager to have partially refinanced a 2019 CLO, slashing the spread on the senior notes by 29bp.

  • European CLOs begin to tier as investor base decreases

    European CLOs begin to tier as investor base decreases

    Investors in triple-A rated European CLOs are using their pricing power to discern between trades, causing some deals to be priced more tightly than the recent trend of spreads widening towards 100bp, while other paper has had to offer spreads even cheaper than this.