Triumph prices $374.1 million reset; HPS Investment Partners offers $519.06 million CLO

By Cristal Cody

Tupelo, Miss., Aug. 23 – Triumph Capital Advisors, LLC closed Thursday on a $374.1 million issuance of notes repriced from a 2016 CLO transaction.

The new deal pipeline also remains active.

HPS Investment Partners, LLC plans to price $519.06 million of notes in the manager’s second new issue CLO of the year.

The HPS Loan Management 13-2018 Ltd./HPS Loan Management 13-2018 LLC offering includes $4.1 million of class X floating-rate notes (/AAA/); $303 million of class A-1 floating-rate notes (/AAA/); $28.5 million of class A-2 floating-rate notes (/non-rated/); $47.69 million of class B floating-rate notes (/AA/); $35.45 million of class C floating-rate notes (/A/); $31.37 million of class D floating-rate notes (/BBB-/); $18.25 million of class E floating-rate notes (/BB-/); $9.18 million of class F floating-rate notes (/B-/) and $41.52 million of subordinated notes.

Deutsche Bank Securities Inc. is the placement agent.

In its deal, Triumph Capital Advisors priced $374.1 million of notes in a refinancing of the Trinitas CLO IV Ltd./Trinitas CLO IV LLC offering, according to a market source and a notice of executed supplemental indenture on Thursday.

Trinitas CLO IV sold $196.9 million of class A-1L-R floating-rate notes at the reference rate plus 118 basis points at the top of the capital stack.

Natixis Securities Americas LLC was the refinancing placement agent.

© 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.