Latest news
Latest news
The first reset of a European private credit CLO, the rise of CFOs, and the plight of US ABS issuer Extenet
Deal's triple-A notes price 3bp tighter than those on Polus's previous transaction
Reset widens spread on deal's triple-A rated notes, but tightens pricing across most mezzanine tranches
More articles
More articles
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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 -
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
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Triple-As price only 4bp wide of recent market tights as manager avoids issuing single-B rated notes
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Pricing on double-A and single-A rated notes tightens below initial guidance
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Manager tightens triple-A spread by nearly 30bp relative to the original deal
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Triple-A rated notes' pricing widens by 36bp from CLO's first reset in 2019
