Freemium

If you’re an investor in the CLO market, we invite you to register with us using your business email address to gain complimentary access to our freemium content.
If you’re interested in learning more about the premium content or would like a walkthrough of the website via Zoom, please don’t hesitate to email info@clopremium.co.uk.

Freemium

Review: The Reset of AIMCO CLO 16

The recent pricing of the reset of Allstate’s AIMCO CLO 16 saw its WACC tighten by 11 bps, from 184 bps to 173 bps, and its reinvestment period increase by 2.5 years. In fact, its blended WACC based on DM was the tightest year-to-date in the reset and new issue CLO market at the time of pricing.

Freemium

US BSL CLO Managers: MVOC Performance vs. WACC Print

It is interesting to note that managers with a primary CLO blended DM print of below 190 bps are represented across the performance percentiles. In other words, managers in both the top and bottom quartiles managed to print their CLO liabilities with a blended DM of less than 190 bps.

Freemium

CLO Market Musings: AAA Spreads Increasingly Appear Wide Relative to Historical Trends

As shown in the graph in this freemium article, with the 4-week moving average loan spread now firmly staying below the 400 bps mark, the current top-tier US BSL CLO AAA print increasingly appears cheap relative to historical prints. If you’re an investor in the CLO market, we would like to invite you to register with us using your business email address to gain free access to our freemium content.

Freemium

Tides of Change: The Latest in US CLO AUM by Manager (Updated)

Please refer to the table below for a comprehensive list of US CLO managers, along with their Broadly Syndicated Loans (BSL) and Middle Market (MM) assets (in billions), under US CLO management as of April 5, 2024. If you’re an investor in the CLO market, we would like to invite you to register with us using your business email address to gain free access to our freemium content.

Freemium

League Table: EU CLO Manager AUM (Updated)

Please refer to the table below for a complete list of EU CLO managers and their assets under management (in billions), as of 2 April 2024. If you’re an investor in the CLO market, we would like to invite you to register with us using your business email address to gain free access to our freemium content.

Freemium

List of US CLO Deals Extended to Over 11 Years of Reinvestment Periods Through Resets

Typically, resetting a deal is more feasible when the deal performs well and market conditions are favorable. For a comprehensive overview, please refer to the full list of US CLO deals that boast reinvestment periods exceeding 11 years. Remarkably, six of these deals feature reinvestment periods of over 13 years! This impressive performance stands as a testament to their success, highlighting that extending the reinvestment period by such a significant margin through resets—without any additional injection of capital—would otherwise be an exceedingly challenging feat!

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