Palmer Square prices $395.9 million CLO; Redding Ridge offers euro CLO

By Cristal Cody

Tupelo, Miss., July 29 – Palmer Square Capital Management LLC priced a new $395.9 million broadly syndicated CLO transaction this month.

Palmer Square CLO 2020-2 Ltd./Palmer Square CLO 2020-2, LLC sold $244 million of class A-1a floating-rate notes at Libor plus 170 bps at the top of the capital structure.

The manager has sold four new broadly syndicated CLOs and one vintage refinancing transaction year to date.

Meanwhile, Redding Ridge Asset Management (UK) LLP is offering a new €398.1 million CLO in the manager’s second euro-denominated broadly syndicated deal this year.

In other activity on Wednesday, Kayne Anderson Capital Advisors, LP closed on its previously reported $292,575,000 Kayne CLO 8 Ltd./Kayne CLO 8 LLC offering. The CLO had priced the class A-1 floating-rate notes at Libor plus 170 bps.

Also on Wednesday, CIFC Asset Management LLC closed on its $497 million CIFC Funding 2020-I, Ltd./CIFC Funding 2020-I, LLC transaction.

The CLO sold $290 million of the class A-1 floating-rate notes at Libor plus 170 bps.

About $42 billion of new CLOs and about €10 billion of euro-denominated supply has priced year to date, according to market sources.

© 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.