CELF prices €413.5 million Carlyle Euro CLO 2017-1; Voya refinances two vintage CLOs

By Cristal Cody

Tupelo, Miss., April 17 – CELF Advisors LLP priced €413.5 million of notes in a new euro-denominated CLO, bringing the year-to-date volume of euro deals to about €3.5 billion.

In U.S. action, Voya Alternative Asset Management LLC refinanced two vintage CLOs.

The CLO manager sold $535.8 million of notes in a refinancing and reset of a 2014 deal and refinanced $438.4 million of notes from a vintage 2013 CLO.

More than $60 billion of U.S. CLOs have been refinanced year to date, according to market sources.

In its deal, CELF Advisors priced €413.5 million of notes due July 15, 2030 in a new euro-denominated CLO offering, according to a market source.

Carlyle Euro CLO 2017-1 DAC sold €230 million of class A-1 senior secured floating-rate notes at Euribor plus 86 basis points in the senior tranche.

Credit Suisse Securities (Europe) Ltd. was the placement agent.

The London-based CLO manager is part of Washington, D.C.-based Carlyle Group LP.

Meanwhile, Voya Alternative Asset Management sold $535.8 million of notes in a refinancing and reset of a 2014 broadly syndicated CLO, according to a market source.

Voya CLO 2014-2, Ltd./Voya CLO 2014-2 LLC priced $331 million of class A-1-R floating-rate notes at Libor plus 125 bps at the top of the capital structure.

J.P. Morgan Securities LLC arranged the offering.

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