Latest CLO news

  • BlueBay hires structured credit head, plans new range of structured funds

    BlueBay has hired Sid Chhabra as head of structured credit and CLOs in London, and plans to establish a new range of global structured credit and ABS strategies.

    • 09:30 AM
  • PetSmart downgraded by S&P after Chewy transfer

    S&P Global Ratings knocked a notch off pet food retailer PetSmart’s corporate credit rating on Thursday, citing the firm’s ‘unsustainable’ capital structure and the increased risk of a distressed debt exchange after a portion of its subsidiary Chewy was transferred to private equity sponsors.

    • 14 Jun 2018
  • Loans in brief: 14/06/2018

    • 14 Jun 2018
  • MGM set to refi, media firms ramps content production

    Metro-Goldwyn-Mayer (MGM), which controls the distribution of movies and TV content such as the James Bond franchise and The Handmaid’s Tale, is in the market with a new $2.5bn refinancing package this week, as traditional US media companies ramp up their borrowing to fund new content to compete with new competitors such as Netflix.

    • 13 Jun 2018
  • US high yield in dry spell as loans race on

    Just one issuer had tapped US high yield investors by Thursday this week, following the quietest May since 2010 and with leveraged loans now outweighing high yield bonds for the first time since 2008.

    • 12 Jun 2018
  • Five priced in US CLOs, as market eyes reset spree

    The US primary CLO market buzzed with activity last week, as five new deals were priced and investors eye a wave of reset transactions in the second half of the year.

    • 11 Jun 2018
  • Highland targets European investors for new CLO fund

    US alternative investment manager Highland Capital Management has launched a new Irish-domiciled global CLO debt fund to tap into European investor demand for floating rate corporate debt in an easily investable format.

    • 11 Jun 2018
  • PIMCO setting up new CLO equity fund

    PIMCO is understood to be setting up a new fund aimed at buying CLO equity tranches, with portfolio managers recently flagging the opportunity created in the space by the rollback of risk retention rules.

    • 08 Jun 2018
  • Natixis appoints new head of US CLO banking

    Natixis has appointed Chris Gilbert as head of US CLO banking and David Williams as head of US global structured credit solutions capital markets, following the departure of two CLO bankers last month.

    • 07 Jun 2018
  • Focus on CLO resets could drag on new issue volumes, say sources

    The rush of US CLO managers looking to extend existing deals on the back of risk retention rules being vacated might take some of the steam out of the new issue CLO market in the second half of the year, say some market players.

    • 06 Jun 2018

CLO news archive

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,501.88 31 6.59%
2 Credit Agricole CIB 8,292.28 33 6.43%
3 Goldman Sachs 7,228.76 27 5.60%
4 Deutsche Bank 7,200.78 24 5.58%
5 Barclays 7,034.84 23 5.45%

Bookrunners of European HY Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 2,908.04 34 7.69%
2 JPMorgan 2,667.48 29 7.05%
3 Credit Suisse 2,342.19 23 6.19%
4 Goldman Sachs 2,130.55 21 5.63%
5 Deutsche Bank 1,993.88 21 5.27%

Bookrunners of Dollar Denominated HY Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 12,362.60 98 9.90%
2 Citi 9,045.27 76 7.24%
3 Barclays 8,801.09 64 7.05%
4 Bank of America Merrill Lynch 8,770.59 82 7.02%
5 Goldman Sachs 8,019.67 66 6.42%