Voya Alternative Asset Management prices $609 million CLO, AAAs tightest print of year

By Cristal Cody

Tupelo, Miss., Nov. 8 – Voya Alternative Asset Management LLC tapped the CLO primary market with a $609 million deal.

Voya sold seven tranches of floating-rate notes and one tranche of subordinated notes.

The AAA-rated tranche priced with the tightest AAA print of the year, according to a BofA Merrill Lynch report.

The offering is the CLO manager’s fourth new CLO transaction of 2017.

More than $85 billion of broadly syndicated CLOs have priced year to date, sources report.

Market analysts expect supply to hit $100 billion for the year.

Voya prices CLO 2017-4

Voya Alternative Asset Management sold $609 million of notes due Oct. 15, 2030 in the new CLO offering, according to market sources.

Voya CLO 2017-4, Ltd./Voya CLO 2017-4 LLC priced $357 million of class A-1 floating-rate notes at Libor plus 113 basis points at the top of the capital stack.

Barclays was the arranger.

Voya has priced four new CLOs and refinanced two vintage CLOs year to date.

In 2016, the CLO manager placed four new CLOs and refinanced two vintage transactions.

The firm is an affiliate of New York City-based Voya Investment Management LLC.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.