3i, Allstate, Sankaty, American Money, Carlyle, Highbridge price; Apollo sells euro CLO

By Cristal Cody

Tupelo, Miss., Nov. 24 – CLO managers including 3i Debt Management U.S. LLC, Allstate Investment Management Co., Sankaty Advisors LLC, American Money Management Corp., Carlyle Investment Management LLC and Highbridge Principal Strategies LLC tapped the U.S. primary market.

The issuance pushes year-to-date CLO volume to more than $100 billion, according to Prospect News data.

3i Debt Management sold $504.25 million of notes in the Jamestown CLO VIII, Ltd. deal.

Allstate Investment Management priced a $501 million CLO, its first transaction of the year.

Also in the primary market, Sankaty Advisors placed $408.48 million of notes in its new CLO transaction.

American Money Management raised a $357.75 million CLO.

Carlyle Investment Management was in the market with a $509.1 million CLO offering.

Details also emerged on Highbridge Principal Strategies’ $451.5 million CLO transaction.

In European CLO primary action, Apollo Global Management, LLC sold €458.75 million of notes in its first euro-denominated CLO deal of the year.

Looking ahead to the upcoming year, Wells Fargo Securities, LLC analysts said on Tuesday they forecast $75 billion of U.S. CLO issuance and €15 billion of Euro CLO issuance in 2016.

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