Exantas Capital prices $296.7 million CRE CLO; non-high-grade CBO/CDO/CLO paper active

By Cristal Cody

Tupelo, Miss., Sept. 9 – In new CLO issuance in September, Exantas Capital Corp. priced a $296.7 million CRE CLO offering.

“We believe that the successful issuance of these notes is a positive indicator of a market that is starting to stabilize, and our ability as a CLO manager to garner investor interest,” Mark Fogel, president and chief executive officer said in a news release. “We are pleased to again have this source of financing to position us for loan originations at the appropriate time.”

In other market activity, the securitized secondary market saw heavy trading in non-high-grade CBO/CDO/CLO notes on Tuesday in the first post-Labor Day trading session, according to Trace data.

During the session, $516.94 million of issues were traded at an average 72.2.

The high-grade space saw $147.18 million of paper trade on Tuesday at an average 99.4.

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