Eaton Vance prices $451.93 million CLO; Signal Peak prints; leveraged loans see inflows

By Cristal Cody

Tupelo, Miss., Aug. 7 – Eaton Vance Management priced $451.93 million of notes in its first broadly syndicated CLO deal of the year.

Meanwhile, ORIX Advisors LLC leveraged credit affiliate Signal Peak Capital Management LLC priced a $396 million static broadly syndicated CLO.

Looking at the secondary market, high-grade CBO/CDO/CLO paper softened to an average of 97.7 on Thursday from 98.1 in the prior session as trading volume rose to $396.56 million from $231.39 million on Wednesday, according to Trace data.

Non-high-grade CBO/CDO/CLO notes improved to an average of 81.9 over Thursday’s session from 77.5 on Wednesday.

Secondary market volume in lower-rated tranches was stronger at $154.11 million, compared to $85.39 million of volume on Wednesday.

In other activity, leveraged loans funds had $70 million of inflows for the past week ended Wednesday after seven consecutive weeks of outflows, according to Fitch Ratings on Friday. Last week, outflows totaled $211 million.

Year to date, leveraged loan outflows total $18.25 billion.

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