CLO supply steady; Voya sells $403.65 million; Kayne Anderson brings $446.35 million

By Cristal Cody

Tupelo, Miss., July 18 – In new CLO issuance, details emerged on two new CLO deals priced in June and expected to close later in July.

Voya Alternative Asset Management LLC priced $403.65 million of notes in the manager’s second CLO offering of the year.

Kayne Anderson Capital Advisors, LP sold $446.35 million of notes in its new deal. Kayne Anderson Capital also has priced two new CLOs year to date.

In its deal, Voya Alternative Asset Management priced $403.65 million of notes in the broadly syndicated CLO offering, according to a market source.

Voya CLO 2019-2, Ltd./Voya CLO 2019-2 LLC sold $242 million of the class A floating-rate notes at par to yield Libor plus 127 basis points.

Citigroup Global Markets Inc. was the placement agent.

The offering is collateralized mostly by broadly syndicated first-lien senior secured loans.

Meanwhile, Kayne Anderson Capital Advisors priced $446.35 million of notes in its broadly syndicated CLO transaction, according to a market source.

Kayne CLO 5 Ltd./Kayne CLO 5 LLC sold $281.6 million of class A loans at Libor plus 135 bps at the top of the capital stack.

Barclays was the placement agent.

The deal is backed entirely by broadly syndicated first-lien senior secured corporate loans.

The deal is the CLO manager’s second new transaction of the year.

© 2015 Prospect News.
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