By Cristal Cody
Tupelo, Miss., June 15 – CBAM CLO Management LLC sold $756 million of notes in the CBAM 2018-7, Ltd./CBAM 2018-7 LLC broadly syndicated collateralized loan obligation deal, according to a market source and a company news release on Friday.
BofA Merrill Lynch was the placement agent.
CBAM CLO Management will manage the CLO.
The CLO has a two-year non-call period and a five-year reinvestment period.
Additional pricing terms were not immediately available.
CBAM CLO Management has closed on two CLOs so far in 2018 and priced three CLOs year to date.
The New York City-based portfolio company of private investment firm Eldridge Industries priced three $1 billion-plus CLO transactions in 2017. CBAM has priced $7.9 billion of CLOs since August 2016.
| Issuer: | CBAM 2018-7, Ltd./CBAM 2018-7 LLC
|
| Amount: | $756 million
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Merrill Lynch
|
| Manager: | CBAM CLO Management LLC
|
| Call feature: | Two years
|
| Pricing date: | June 8
|
| Settlement date: | July
|
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