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Sunday, 21 April 2019

CLOs

Cairn goes short with Cairn CLO IV reset

IFR 2280 20 April to 26 April 2019

Cairn found tighter senior pricing by opting for shorter non-call and reinvestment periods when it reset Cairn CLO IV last week, through lead manager Credit Suisse.

European CLOs forced to cut fees and get creative

European CLOs forced to cut fees and get creative

IFR 2279 13 April to 19 April 2019

New issues from established European CLO managers successfully defied a vanishing arb in the first quarter but a tougher test starts now as US managers lured to Europe last year try to exit warehouses and bring their debut deals to market.

Exantas lands new CRE CLO as hot market takes pause

IFR 2278 6 April to 12 April 2019

Exantas Capital Corp closed a new US$585m CLO backed by commercial real estate loans on Thursday, in a corner of the CMBS market where issuance has grown almost six-fold in the past three years.

KKR prices Avoca CLO XX

IFR 2277 30 March to 5 April 2019

KKR priced European leveraged loan CLO Avoca CLO XX on Thursday, via Morgan Stanley.