Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for OHA Credit Partners XII, Ltd./OHA Credit Partners XII LLC > News item |
About $2.5 billion of CLOs in pipeline; GSO/Blackstone, RAIT, NorthStar, Oak Hill to price
By Cristal Cody
Tupelo, Miss., Dec. 11 – More than $105 billion of U.S. CLO deals have priced year to date and at least $2.5 billion of transactions are expected to price before the month ends, according to Prospect News data and market sources.
CLO managers including GSO/Blackstone Debt Funds Management LLC, RAIT Partnership LP, NorthStar Realty Finance Corp. and Oak Hill Advisors LP are in the deal pipeline.
GSO/Blackstone Debt Funds Management plans to price the $506.65 million Webster Park CLO Ltd./Webster Park CLO LLC deal via Citigroup Global Markets Inc.
RAIT Partnership is offering $348.9 million of notes in the CRE CLO transaction, RAIT 2015-FL5, LLC, via Barclays.
Oak Hill Advisors is marketing $606 million of notes in the OHA Credit Partners XII, Ltd./OHA Credit Partners XII LLC deal. Goldman Sachs & Co. is the placement agent.
New issue spreads are ending the year weaker, according to market analysts.
CLO AAAs are on average in the Libor plus 160 basis points area, while BB-rated notes have priced recently in the Libor plus 800 bps area. B-rated tranches have been placed as wide as Libor plus 1,100 bps over the past month.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.