CSAM prices $797.2 million CLO; Angelo Gordon prints; Onex brings €363.45 million reset

By Cristal Cody

Tupelo, Miss., Dec. 10 – The CLO market remains active in December with both dollar- and euro-denominated issuance.

Credit Suisse Asset Management, LLC sold $797.2 million of notes in a new CLO deal.

Angelo, Gordon & Co., LP priced a new $450.18 million broadly syndicated CLO with a short one-year non-call period and a two-year reinvestment period.

In the European market, Barings (UK) Ltd. priced the €405.2 million Barings Euro CLO 2019-2 DAC transaction, according to a market source.

Also in the euro-denominated space, Onex Credit Partners, LLC sold €363.45 million of notes in a refinancing and reset of a vintage 2017 CLO.

In its deal, Credit Suisse Asset Management priced $797.2 million of notes due Jan. 15, 2033 in the Madison Park Funding XXXVI Ltd./Madison Park Funding XXXVI LLC transaction, according to a market source.

The CLO sold $496 million of class A floating-rate notes at Libor plus 133 basis points in the AAA-rated tranche.

Meanwhile, Angelo, Gordon priced $450.18 million of notes due Jan. 25, 2030 in its broadly syndicated CLO deal, according to a market source.

Northwoods Capital 20, Ltd./Northwoods Capital 20, LLC sold $270 million of class A-1 floating-rate notes at par to yield Libor plus 132 bps at the top of the capital structure.

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