Topic
CLOs, Structured Finance
Showing 111 to 120 of 169 results using the term “CLOs, Structured Finance”
Private Credit CLO Market Sees Wave of Structural Innovations Amid Explosive Growth
Reporting: Chloe Wang The private credit market has emerged as a formidable force in the global financial landscape, offering institutional investors a compelling alternative to traditional syndicated loans. As private credit continues to scale, CLOs are increasingly benefiting from its...
Published on Jul 7, 2025
Octus on Credit: European CLOs: Spreads, Supply, and Regulatory Shifts
The CLO market on both sides of the Atlantic has regained nearly all the ground lost since late February despite elevated geopolitical risk – though new issue spreads on the European side are lagging behind with triple-As in the low to mid-130 bps area. With secondary spreads flat over the...
Published on Jul 3, 2025
European CLO Mezzanine Guidance Widens Amid Issuance Onslaught
Reporting: Victoria Thiele Some arrangers of European CLOs in marketing have widened price guidance on mezzanine tranches for the deals since the end of last week, according to sources. Octus, formerly Reorg, has seen updated guidance for new issues by Guggenheim and HPS, as well as a reset by...
Published on Jun 30, 2025
Liquidity Transformed: How Dealer Retrenchment Reshaped Structured Products
Reporting: Sid Punjabi The increase in risk-based capital charges on banks following the 2008 financial crisis has led to a drawdown in the volume of securitized products held on inventory despite the increase in the overall size of the asset class. Since 2013, the outstanding balance of...
Published on Jun 25, 2025
Carlyle Tweaks European CLO Payment Waterfall to Receive Subordinated Fees Before Performance Test
Reporting: Victoria Thiele, Chris Dammers Carlyle Group is marketing a new European CLO with an unusual structure that allows the manager to pay themselves fees before conducting a test that could force them to use interest to repay bondholders. In a rating agency presale report for Carlyle Euro...
Published on Jun 19, 2025
Investors in Carlyle Euro CLO 2025-2 Strip Out Unusual Fee Structure
Reporting: Victoria Thiele, Hugh Minch, Chris Dammers Carlyle Group has removed an unusual feature from a European new issue CLO because of resistance from investors, according to a source close to the matter. Last week, Octus, formerly Reorg, reported that Carlyle Euro CLO 2025-2 was initially...
Published on Jun 24, 2025
Volatility, Tariffs, and the CLO Machine, A Global Look with Steve Baker
This week’s episode of Industry Insights: Exclusive Interviews examines the CLO market’s response to 2024’s unprecedented volatility, from April’s tariff announcements to evolving investor dynamics and the emergence of new market participants. Host Julie Miecamp and Managing...
Published on Jun 17, 2025
CLO Weekly Wrap: US Investors Pour Into European CLO Market Despite Mounting Headwinds
Reporting: Victoria Thiele, Hugh Minch, Chris Dammers The European CLO market is being bid up by international investors looking to reallocate capital away from the United States, according to speakers at the FT Live and AFME Global ABS conference in Barcelona this week. Speaking on the CLO Manager...
Published on Jun 13, 2025
Portfolio Analytics Wrap: CLO Portfolio Fundamentals and Prices Diverge as Revenue Growth Declines and Net Leverage Increases in Q1
Reporting: Sicheng Wan, Chloe Wang The fundamentals of leveraged loans held by CLOs deteriorated during the first quarter of 2025, despite the record-breaking spreads seen on both the asset and liability side of the CLO balance sheet during the first three months of the year. Revenue growth in the...
Published on Jun 5, 2025
CIFC to Liquidate 2017 CLO That Holds Loans With FCF Significantly Above Market Average
Reporting: Sicheng Wan CIFC Asset Management is planning to redeem its CIFC Funding 2017-II CLO via liquidation on June 9, according to regulatory filings. CIFC is expected to redeem all the tranches from the $146.4 million triple-A to the $26.4 million double-B at par. Deutsche Bank is the...
Published on May 28, 2025