Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Voya CLO 2012-4, Ltd. > News item |
Elmwood resets $463.75 million CLO; Voya refinances $31.48 million notes; primary active
By Cristal Cody
Tupelo, Miss., Oct. 19 – October collateralized loan obligation supply is remaining steady in both the new issue market and the refinancing space.
Elmwood Asset Management LLC priced $463.75 million of notes in a refinancing and reset of a vintage 2019 broadly syndicated CLO.
Voya Alternative Asset Management LLC priced $31.48 million of notes in a third partial refinancing of a vintage 2012 broadly syndicated CLO offering.
More than $60 billion of dollar-denominated broadly syndicated CLOs have priced in the primary market this year, in addition to about $30 billion of refinanced CLO notes, according to market sources.
In its deal, Elmwood Asset Management priced $463.75 million of notes in a refinancing and reset of the 2019 CLO, according to market sources.
Elmwood CLO I Ltd. sold $300 million of class A-R floating-rate notes at Libor plus 145 basis points at the top of the capital structure.
Citigroup Global Markets Inc. was the refinancing agent.
Separately, Voya Alternative Asset Management priced $31.48 million of notes due Oct. 15, 2030 in a third partial refinancing of a vintage 2012 broadly syndicated CLO offering, according to market sources.
Voya CLO 2012-4, Ltd./Voya CLO 2012-4 LLC sold $14.98 million of 1.863% class A-1b-R-R-R secured fixed-rate notes (AAA) in the AAA-rated tranche.
BNP Paribas Securities Corp. was the refinancing agent.
© 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.