DoubleLine sells $406.25 million CLO; GLG reprices; DFG, 325 Fillmore to refinance

By Cristal Cody

Tupelo, Miss., Aug. 9 – In new dollar-denominated CLO issuance, DoubleLine Capital LP priced $406.25 million of notes.

Looking at the refinancing market, GLG Partners LP repriced €224.7 million of notes in two tranches from a 2016 European CLO deal.

DFG Investment Partners, Inc. plans to refinance dollar-denominated notes from a vintage 2016 CLO.

Meanwhile, the Arrowpoint CLO 2013-1 Ltd./Arrowpoint CLO 2013-1 LLC transaction also will be repriced to include a tranche of loans.

In its deal, DoubleLine Capital priced $406.25 million of notes due July 20, 2032 in the new CLO offering, according to a market source.

Parallel 2019-1 Ltd./Parallel 2019-1 LLC sold $3 million of class X senior secured floating-rate notes (Aaa/AAA) at Libor plus 65 bps, $244 million of class A-1 senior secured floating-rate notes (Aaa/AAA/) at Libor plus 136 bps and $16 million of class A-2 senior secured floating-rate notes (Aaa/non-rated/) at Libor plus 175 bps at the top of the capital stack.

Meanwhile, GLG Partners sold €224.7 million of notes due Jan. 15, 2030 in a refinancing of two tranches from the firm’s CLO transaction first priced in 2016, according to a market source.

GLG Euro CLO II DAC sold €207 million of the class A-1-R senior secured floating-rate notes at par to yield Euribor plus 87 bps.

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