Triumph Capital prices $513 million new CLO; secondary trading volume picks up

By Cristal Cody

Tupelo, Miss., Dec. 8 – Triumph Capital Advisors, LLC priced $513 million of notes in a new CLO deal.

About $100 billion of new CLOs, not including refinancing transactions, have priced year to date, according to market sources.

Secondary trading volume picked up late in the week with $112.86 million of high-grade CBO/CDO/CLO issues and $378.09 million of non-investment-grade securities traded on Thursday, according to Trace.

On Wednesday, $82.25 million of high-grade securities and $106.91 million of lower-rated securities were traded.

Trading volume was thin on Monday and Tuesday, Trace reported.

Triumph prices $513 million

Triumph Capital Advisors priced $513 million of notes due Jan. 25, 2031 in a new collateralized loan obligation deal, according to a market source.

Trinitas CLO VII Ltd./Trinitas CLO VII LLC priced $320 million of class A floating-rate notes at Libor plus 121 basis points in the senior tranche.

Goldman Sachs & Co. LLC was the placement agent.

Proceeds will be used to purchase a portfolio of about $500 million of mostly first-lien senior secured leveraged loans.

The subsidiary of Dallas-based Triumph Bancorp, Inc. priced two new CLOs in 2016.

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