Investcorp prices $612.3 million; Greywolf, CVC refinance CLOs; secondary action light

By Cristal Cody

Tupelo, Miss., June 23 – Investcorp Credit Management US LLC came with a new $612.3 million CLO deal.

Also, details emerged for Greywolf Capital Management LP’s $538.75 million refinancing of a 2014 CLO.

In addition, CVC Credit Partners, LLC refinanced $524.75 million of notes from a vintage CLO.

New deal volume totals about $40 billion year to date, while about $90 billion of CLOs have been refinanced in 2017, according to market sources.

Secondary market volume has been light over the week. On Wednesday, $39.35 million of investment-grade CBO/CDO/CLO issues and $99.55 million of non-high-grade securities were traded, according to the latest data from Trace.

In the previous session, $34.17 million of high-grade issues and $47.39 million of non-high-grade securities were traded.

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