KBRA releases a recap of the annual CLO Conference hosted by the Loan Syndications & Trading Association (LSTA) and DealCatalyst, which took place at the Marriot Marquis Hotel in New York on April 29-30. With over 1,600 attendees, the energetic atmosphere mirrored the “frenetic” pace of collateralized loan obligation (CLO) market activity so far in 2024, which has seen nearly $60 billion in new issuance year-to-date (YTD). Despite headwinds from sticky inflation, higher for longer interest rates, and rising defaults, the CLO machine continues to hum along, with opportunities up and down the capital structure.

In this recap, we provide themes and highlights from select panel sessions, which focused on broadly syndicated loans (BSL), middle market (MM) CLOs, leveraged loans, direct lending, and private credit.

Click here to view the report.

Related Publications

• Structured Credit Trend Watch: CLO Issuance in Bloom – First-Quarter Record for Middle Market
• Recurring Revenue Loan Metrics Dashboard: February 2024 Update
• Private Credit: 12% Is Here—First Look at Interest Coverage and Liquidity for Middle Market Borrowers by Sector
• Private Credit: 2024 Maturity Wall Is a Myth
• 2024 Structured Credit Sector Outlook: Staying the Course

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1004171

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