Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GLG Partners LP > News item |
Valcour returns to primary; Mariner brings $504.75 million CLO; GLG prices €309.1 million
By Cristal Cody
Tupelo, Miss., March 26 – March global CLO issuance remains strong with nearly $15 billion of notes priced in 27 deals over the month, according to market sources and data compiled by Prospect News.
In new U.S. issuance, Valcour Capital Management LLC placed $416 million of notes in the firm’s first CLO deal since 2013.
Natixis Securities Americas LLC arranged the deal.
Valcour Capital Management will manage the CLO.
Also, Mariner Investment Group, LLC priced a $504.75 million short-duration CLO transaction.
In European primary action, GLG Partners LP priced the €309.1 million GLG Euro CLO I Ltd. offering via Morgan Stanley & Co. International plc, according to a market source. Final pricing details were not available by press time.
The deal was expected to include €181 million of class A-1 senior secured floating-rate notes; €5 million of class A-2 senior secured fixed-rate notes; €18 million of class B-1 senior secured floating-rate notes; €12 million of class B-2 senior secured fix-rate notes; €19 million of class C deferrable floating-rate notes; €14.8 million of class D deferrable floating-rate notes; €19.2 million of class E deferrable floating-rate notes; €7 million of class F deferrable floating-rate notes and €33.1 million of subordinated notes.
The notes are due May 1, 2028.
The transaction is set to close on April 30.
© 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.