By Cristal Cody
Tupelo, Miss., Oct. 2 – Credit Suisse Asset Management, LLC priced $816 million of notes due Oct. 18, 2030 in the Madison Park Funding XXIX Ltd./Madison Park Funding XXIX LLC collateralized loan obligation transaction on Friday, according to a market source.
Morgan Stanley & Co. LLC was the placement agent.
Credit Suisse Asset 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.
The notes are collateralized primarily by broadly syndicated senior secured loans.
Credit Suisse Asset Management is a unit of Credit Suisse Group AG.
| Issuer: | Madison Park Funding XXIX Ltd./Madison Park Funding XXIX LLC
|
| Amount: | $816 million
|
| Maturity: | Oct. 18, 2030
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | Morgan Stanley & Co. LLC
|
| Manager: | Credit Suisse Asset Management, LLC
|
| Call feature: | Two years
|
| Pricing date: | Sept. 28
|
| Settlement date: | Nov. 8
|
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