CVC closes on new €465.85 million CLO; Blackstone/GSO offers €409.4 million deal

By Cristal Cody

Tupelo, Miss., Sept. 7 – CVC Credit Partners Group Ltd. priced a €465.85 million new European CLO offering that closed on Friday, according to a market source.

Coming up in the primary market, Blackstone/GSO Debt Funds Management Europe Ltd. is marketing €409.4 million of notes for a new European transaction.

CLO managers have priced more than €19 billion of euro-denominated CLOs year to date, according to market sources.

In its offering, CVC Credit Partners Group priced €465.85 million of notes due Oct. 15, 2031 in the CVC Cordatus Loan Fund XI DAC transaction, according to a market source.

The deal included €271,125,000 of class A senior secured floating-rate notes (Aaa//AAA).

Barclays was the placement agent.

CVC Credit Partners European CLO Management LLP is the CLO manager.

Meanwhile, Blackstone/GSO Debt Funds Management Europe plans to price €409.4 million of notes due November 2031 in the Sutton Park CLO DAC transaction, according to a market source.

BNP Paribas, London Branch is the placement agent.

The deal is backed primarily by euro-denominated senior secured loans.

Dublin-based Blackstone/GSO Debt Funds Management Europe is a subsidiary of asset manager GSO Capital Partners LP.

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