Leveraged Loan Insight & Analysis – 9/5/2022

US$7.6bn of new issue US CLOs priced in August


US CLO new issue volume was US$7.6bn in August, down from US$11.5bn in July and down from US$19.2bn priced in August last year. Although the pace of new CLO formation slowed, total volume so far in 2022 is US$92.57bn, just 18% behind issuance over the same time period in 2021’s record setting year, despite ongoing macroeconomic headwinds and a slowdown in the capital markets.