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Voya prices $809.55 million CLO; York raises $511.75 million; middle-market space heats up
By Cristal Cody
Tupelo, Miss., Sept. 4 – Voya Alternative Asset Management LLC sold $809.55 million of notes in the CLO manager’s third transaction of the year.
Also in the primary market, York CLO Managed Holdings, LLC priced $511.75 million of notes in its second CLO deal.
In middle-market primary action, Fifth Street CLO Management LLC priced the Fifth Street SLF II Ltd./Fifth Street SLF II LLC deal via Natixis Securities America LLC. Final pricing details were not available by press time.
Middle-market commercial lender NewStar Financial, Inc. is in the pipeline with a $397.81 million offering of notes in the NewStar Commercial Loan Funding 2015-2 LLC CLO deal. Wells Fargo Securities, LLC is the placement agent.
Voya Alternative Asset Management sold $809.55 million of notes due Oct. 20, 2027 in its CLO transaction, according to a market source.
Voya CLO 2015-3, Ltd./Voya CLO 2015-3 LLC priced $468.4 million of class A-1a floating-rate notes at Libor plus 145 basis points and $50 million of class A-1 loans at Libor plus 135 bps in the senior tranches.
Citigroup Global Markets Inc. was the placement agent.
York CLO Managed Holdings priced $511.75 million of notes due Oct. 22, 2027 in the York CLO-2 Ltd./York CLO-2 LLC deal, according to a market source.
The CLO sold $320 million of class A floating-rate notes at Libor plus 160 bps at the top of the capital stack.
Credit Suisse Securities (USA) LLC arranged the transaction.
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