Halcyon prices $510.3 million CLO deal; BMO brings $308.4 million middle-market CLO

By Cristal Cody

Tupelo, Miss., July 29 – In broadly syndicated CLO primary action, Halcyon Loan Advisors LP priced $510.3 million of floating-rate and subordinated notes in six tranches.

The CLO middle market saw new deal activity with a $308.4 million transaction from BMO Asset Management Corp., the firm’s first deal of the year.

BMO Asset Management priced eight tranches of fixed-rate, floating-rate and subordinated notes in the Great Lakes CLO 2015-1 Ltd. offering.

Halcyon Loan Advisors priced $510.3 million of notes in the Halcyon Loan Advisors Funding 2015-3 Ltd./Halcyon Loan Advisors Funding 2015-3 LLC transaction, according to a market source.

The CLO sold $322.4 million of class A-1 floating-rate notes at Libor plus 155 basis points in the AAA-rated tranche.

Citigroup Global Markets Inc. was the placement agent.

Halcyon Loan Advisors will manage the CLO.

The CLO manager has priced three CLO transactions year to date.

The subsidiary of New York City-based Halcyon Loan Management, LLC brought four CLO deals in 2014.

BMO Asset Management sold $308.4 million of notes in a middle-market CLO offering, according to an informed source.

Great Lakes CLO 2015-1 priced $153.75 million of class A-1 floating-rate notes at Libor plus 195 bps at the top of the capital stack.

Deutsche Bank Securities, Inc. arranged the deal.

BMO Asset Management will manage the CLO.

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