NYL Investors, Sixth Street, Aegon price CLOs; Voya refinances; loans inflows eyed

By Cristal Cody

Tupelo, Miss., Oct. 16 – The broadly syndicated CLO primary market remains active with three more new deals priced, as well as a refinancing transaction.

NYL Investors LLC sold $404.48 million of notes in a new CLO offering.

Sixth Street CLO XVI Management LLC priced a $403.1 million broadly syndicated CLO.

Also, Aegon USA Investment Management LLC brought $357.05 million of notes in a new CLO deal.

In other pricing activity, Voya Alternative Asset Management LLC refinanced $22.5 million of fixed-rate notes from a vintage 2018 broadly syndicated CLO.

More than $60 billion of dollar-denominated broadly syndicated CLOs have priced, while about $30 billion of vintage CLO notes have been refinanced year to date, according to market sources.

Meanwhile, leveraged loan funds saw $181 million of inflows for the past week ended Wednesday, compared to $5.9 million of redemptions in the previous week, Fitch Ratings reported on Friday. Year-to-date outflows total $20 billion.

In its deal, NYL Investors priced $404,475,000 of notes due Nov. 20, 2033 in the offering, according to market sources.

Flatiron CLO 20 Ltd./Flatiron CLO 20 LLC sold $252 million of class A floating-rate notes at Libor plus 130 basis points in the AAA-rated tranche.

Jefferies LLC arranged the offering.

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