Marble Point prices $400 million CLO; CSAM, Carlyle refinance; HPS to reprice 2017 CLO

By Cristal Cody

Tupelo, Miss., Feb. 13 – In the new issue market, Marble Point CLO Management LLC priced a $400 million broadly syndicated CLO offering.

Meanwhile, the refinancing space remains active in February.

Credit Suisse Asset Management, LLC sold $816.98 million of notes in a refinancing and reset of a 2016 CLO.

Carlyle GMS CLO Management LLC refinanced $404 million of notes from a vintage 2016 CLO.

Coming up, HPS Investment Partners, LLC intends to price at least $406 million of notes in a refinancing of a 2017 CLO deal.

In its deal, Marble Point CLO Management priced $400 million of 13-year notes in the Marble Point CLO XVII, Ltd./Marble Point CLO XVII LLC transaction, according to a pricing announcement.

The CLO has an expected weighted average cost of debt of Libor plus 187 basis points.

Morgan Stanley & Co. LLC was the placement agent.

Marble Point CLO Management is an affiliate of the Greenwich, Conn.-based alternative asset manager.

Separately, Credit Suisse Asset Management sold $816,975,000 of notes in a refinancing and reset of the vintage 2016 Madison Park Funding XXII Ltd. CLO offering, according to a notice.

The CLO priced $496 million of class A-1-R floating-rate notes at Libor plus 126 bps in the senior tranche.

Barclays was the refinancing agent.

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