Latest news
Latest news
Many CLO equity investors face twin blows of par losses and weak cash-on-cash distributions
Reset includes multiple triple-A, triple-B and single-B tranches
Manager prices reset for 2019 deal that was refinanced in 2021 with tight liability spreads
More articles
More articles
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◆ Greenium reappears in unlikely place ◆ US banks splash out ◆ Is that all I’m worth? ◆ Cantor is coming -
Persistent collateral overlap between CLOs leads to similar spreads, despite differences in manager strategy
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Some of the deal’s tranches price tighter than RBC BlueBay’s previous deal, despite Iran war volatility
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At least 12 European CLOs are in the pipeline across new issue and reset deals
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Manager opts for second reset of 2014 CLO, with pricing on the deal’s triple-As expected to widen by 44bp
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Ares middle market deal in 2025 was the first CLO incorporated in Luxembourg
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Single-B notes still need a discount
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Triple-A tranche comes 32bp wider than at first reset
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Managers may launch CLOs that combine BSL and private credit loans as weak equity arbitrage persists
