Carlyle prices $815.8 million CLO; CVP brings $520.75 million; Carlyle, CSAM refinance

By Cristal Cody

Tupelo, Miss., July 29 – Carlyle Investment Management LLC tapped the U.S. market with an $815.8 million offering of collateralized loan obligation notes, according to a market source on Tuesday.

Carlyle Global Market Strategies CLO 2014-3, Ltd./Carlyle Global Market Strategies CLO 2014-3 LLC priced $359.4 million of notes in the AAA-rated tranche at Libor plus 146 basis points.

Citigroup Global Markets Inc. was the placement agent.

In other issuance, details emerged on the $520.75 million CLO deal that Greenwich, Conn.-based Credit Value Partners LP brought.

CVP Cascade CLO-2 Ltd./CVP Cascade CLO-2 LLC sold $316.25 million of class A-1 floating-rate notes (Aaa/AAA/) at Libor plus 153 bps, according to a market source.

Credit Suisse Securities (USA) LLC was the placement agent.

Meanwhile, details emerged on two vintage 2012 refinancing deals.

Carlyle Investment Management LLC sold $462.5 million of notes at par in a refinancing of the Carlyle Global Market Strategies CLO 2012-2, Ltd./Carlyle Global Market Strategies CLO 2012-2 LLC transaction, according to a market source.

The CLO priced the $323 million tranche of AAA-rated notes at Libor plus 130 bps.

Credit Suisse Asset Management, LLC refinanced $348.75 million of notes in the Madison Park Funding VIII Ltd./Madison Park Funding VIII LLC deal, a source said. The CLO sold $252.5 million of AAA-rated notes at Libor plus 125 bps.

Citigroup was the refinancing agent on both refinancings.

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