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Prospect News home > News index > List of issuers B > Headlines for BlueMountain Capital Management LLC > News item
Published on 7/22/2016 in the Prospect News Bank Loan Daily.

Blackstone/GSO markets €412.5 million CLO; BlueMountain preps firm’s second CLO of 2016

By Cristal Cody

Eureka Springs, Ark., July 22 – New CLO deals are in the U.S. and European pipelines, according to market sources on Friday.

Blackstone/GSO Debt Funds Management Europe Ltd. is offering a €412.5 million CLO.

In the U.S. primary market, BlueMountain Capital Management LLC plans to price its second CLO deal of the year.

Blackstone/GSO Debt Funds Management Europe intends to price €412.5 million of notes due Sept. 15, 2029 in the Griffith Park CLO DAC transaction, according to a market source.

The offering includes €238 million of class A-1 senior secured floating-rate notes (Aaa/AAA); €43 million of class A-2A senior secured floating-rate notes (Aa2/AA); €10 million of class A-2B senior secured fixed-rate notes (Aa2/AA); €20.6 million of class B senior secured deferrable floating-rate notes (A2/A); €21.4 million of class C senior secured deferrable floating-rate notes (Baa2/BBB); €24.4 million of class D senior secured deferrable floating-rate notes (Ba2/BB); €10.7 million of class E senior secured deferrable floating-rate notes (B2/B-) and €44.4 million of subordinated notes.

BlueMountain Capital Management plans to price $505.55 million of notes due Aug. 20, 2028 in the BlueMountain CLO 2016-2 Ltd./BlueMountain CLO 2016-2 LLC transaction, according to a market source.

The deal includes $304.9 million of class A-1 senior secured floating-rate notes (AAA); $75.5 million of class A-2 floating-rate notes (AA); $30 million of class B deferrable floating-rate notes (A); $28.4 million of class C deferrable floating-rate notes (BBB); $20 million of class D deferrable floating-rate notes (BB) and $46.75 million of subordinated notes.


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