Voya offers $506.65 million CLO; GoldenTree 2012-1, ALM XIV, Halcyon 2014-1 top traded

By Cristal Cody

Tupelo, Miss., Jan. 13 – Voya Alternative Asset Management LLC is in the CLO deal pipeline with a $506.65 million offering.

The Voya CLO 2016-1, Ltd./Voya CLO 2016-1 LLC transaction includes $310 million of class A-1 floating-rate notes (/AAA) in the senior tranche, according to a market source.

The offering also includes $63.2 million of class A-2 floating-rate notes; $34.8 million of class B deferrable floating-rate notes; $27.3 million of class C deferrable floating-rate notes; $23.6 million of class D deferrable floating-rate notes; $10 million of class E deferrable floating-rate notes and $37.75 million of subordinated notes.

J.P. Morgan Securities LLC is the placement agent.

Voya Alternative Asset Management, an affiliate of New York City-based Voya Investment Management LLC, priced three CLOs and refinanced two vintage CLO deals in 2015.

The top CLO deal traded in November was GoldenTree Credit Opportunities 2012-1 Financing, Ltd. with $137 million of volume, according to a Wells Fargo Securities, LLC report.

GoldenTree Asset Management, LP issued the notes on Aug. 30, 2012, according to a market source.

ALM XIV, Ltd. was the second most active CLO traded in November with $121 million of volume, Wells Fargo Securities said. Apollo Credit Management (CLO) LLC sold $1,542,100,000 of the notes on June 6, 2014.

Halcyon Loan Advisors Funding 2014-1 Ltd. rounded out the top three CLO deals traded in November with $108 million of volume. Halcyon Loan Advisors LP issued the notes on March 6, 2014.

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