KKR, Allstate, First Eagle, DoubleLine, Five Arrows price; BlackRock plans euro issue

By Cristal Cody

Tupelo, Miss., Sept. 15 – CLO volume is picking up in September, as expected, with several dollar- and euro-denominated deals priced or in the pipeline.

KKR Financial Advisors II, LLC sold $450.76 million of notes in a new broadly syndicated CLO deal.

Allstate Investment Management Co. priced a $448.55 million broadly syndicated CLO transaction.

First Eagle Alternative Credit, LLC sold $413 million of notes in its new CLO offering.

DoubleLine Capital LP brought $303.65 million of notes in a CLO deal.

Also, Five Arrows Managers North America LLC priced a $302.2 million broadly syndicated CLO.

Meanwhile, a new euro-denominated CLO is expected to be issued from BlackRock Investment Management (UK) Ltd.

Year to date, more than $49 billion of dollar-denominated broadly syndicated CLOs and over €13 billion of euro-denominated CLOs have priced, market sources report.

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