York CLO prices $447.13 million CLO; GSO/Blackstone brings $408 million notes

By Cristal Cody

Tupelo, Miss., Nov. 18 – York CLO Managed Holdings, LLC priced $447.13 million of notes in the manager’s first new broadly syndicated CLO of 2020.

Meanwhile, GSO/Blackstone Debt Funds Management LLC tapped the primary market with $408 million of notes in its fifth new CLO offering of the year.

In other activity, Hayfin Emerald Management LLP closed Wednesday on its €345.6 million Hayfin Emerald CLO V DAC offering. The CLO priced the €208.3 million of class A senior secured floating-rate notes at Euribor plus 110 basis points.

Octagon Credit Investors, LLC also closed Wednesday on its $405.2 million Octagon Investment Partners 50, Ltd./Octagon Investment Partners 50, LLC deal.

Octagon 50 sold $156 million of class A-1 notes at Libor plus 130 bps at the top of the capital structure.

Deal volume has been steady as the year closes with about $70 billion of dollar-denominated broadly syndicated CLOs and more than $13 billion of euro-denominated CLOs priced year to date, according to market sources.

In its deal, York CLO Managed Holdings priced $447,125,000 of notes due April 20, 2032 in the manager’s first new broadly syndicated CLO of 2020, according to market sources.

York CLO-8 Ltd./York CLO-8 LLC sold $258 million of the class A-1 floating-rate notes at Libor plus 150 bps.

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