Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Voya Alternative Asset Management LLC > News item |
CLO issuance picks up; Crescent Capital prices $411 million; Voya refinances 2014 notes
By Cristal Cody
Eureka Springs, Ark., Nov. 8 – Year-to-date new issue CLO volume rose to more than $90 billion and refinancings to more than $18 billion following two more deals, according to market sources.
Crescent Capital Group LP priced a new $411 million CLO in its first new deal of the year.
Voya Alternative Asset Management LLC refinanced $328 million of vintage 2014 CLO notes.
In the secondary market on Monday, $346.45 million of high-grade CBO/CDO/CLO issues and $269.21 million of non-investment-grade securities were traded, according to Trace.
Crescent Capital Group sold $411 million of notes due Nov. 30, 2028 in its CLO transaction, according to a market source.
Atlas Senior Loan Fund VII, Ltd. priced $248 million of class A senior secured floating-rate notes at Libor plus 150 basis points at the top of the capital structure.
Morgan Stanley & Co. LLC arranged the deal.
The transaction is collateralized primarily by first-lien senior secured corporate loans.
Crescent Capital has priced one new CLO and refinanced two vintage CLOs year to date.
The alternative asset management firm is based in Los Angeles.
Voya CLO 2014-1, Ltd./Voya CLO 2014-1 LLC priced $256 million of class A-1-R floating-rate notes at Libor plus 133 bps in the AAA-rated tranche.
Mizuho Securities USA Inc. was the refinancing agent.
The affiliate of New York City-based Voya Investment Management LLC priced three CLOs and refinanced two vintage CLO deals in 2015.
© 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.