Blackstone/GSO closes on new euro CLO; CSAM plans second refinancing of 2014 CLO notes

By Cristal Cody

Tupelo, Miss., March 29 – Blackstone/GSO Debt Funds Management Europe Ltd. priced its first new euro-denominated CLO of 2018.

More than €7 billion of euro-denominated CLOs have priced year to date, according to market sources and Prospect News data.

In the refinancing space, Credit Suisse Asset Management, LLC plans to return to the market for a second refinancing of notes from a 2014 CLO.

CLO refinancing volume totals more than $26 billion year to date.

In its deal, Blackstone/GSO Debt Funds Management Europe closed Thursday on the €413 million Marlay Park CLO DAC transaction, a source said.

The CLO priced €218 million of class A-1A senior secured floating-rate notes due Oct. 15, 2030 at Euribor plus 74 basis points in the senior tranche.

Barclays arranged the deal.

Blackstone/GSO Debt Funds Management Europe priced three euro-denominated CLOs in 2017.

The subsidiary of asset manager GSO Capital Partners LP is based in Dublin.

Meanwhile, Credit Suisse Asset Management plans to reprice notes from a vintage 2014 CLO transaction that was first refinanced in 2017, according to a notice of proposed amended and restated indenture on Thursday.

The Madison Park Funding XIII Ltd./Madison Park Funding XIII LLC deal will include class X-R floating-rate notes, class A-R2 floating-rate notes, class B-R2 floating-rate notes, class C-R2 floating-rate notes, class D-R2 floating-rate notes, class E-R floating-rate notes and class F-R floating-rate notes.

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