York Capital prices $405 million CLO; MeDirect Bank debuts euro deal; DFG refinances

By Cristal Cody

Tupelo, Miss., Aug. 22 – York CLO Managed Holdings, LLC priced $405 million of notes in the manager’s first broadly syndicated CLO offering of the year.

In the European primary market, MeDirect Bank (Malta) plc priced €406.51 million of notes in a debut CLO deal that closed Thursday.

In other market action, Golub Capital affiliate GC Advisors LLC closed Thursday on its previously reported $405.2 million Golub Capital Partners CLO 43(B) Ltd./Golub Capital Partners CLO 43(B) LLC transaction via Morgan Stanley & Co. LLC.

GSO/Blackstone Debt Funds Management LLC also closed Thursday on its previously reported $503.45 million Southwick Park CLO Ltd./Southwick Park CLO LLC deal that priced via Barclays.

Meanwhile, the refinancing market remains active.

DFG Investment Partners, Inc. sold $368.05 million of notes in a refinancing of a vintage 2016 CLO.

In its deal, York CLO Managed Holdings priced $405 million of notes due July 22, 2032 in the broadly syndicated CLO transaction, according to market sources.

York CLO-6 Ltd./York CLO-6 LLC sold $252 million of class A-1 floating-rate notes at Libor plus 135 basis points and $8 million of class A-2 floating-rate notes at Libor plus 185 bps at the top of the capital stack.

Goldman Sachs & Co. LLC arranged the transaction.

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