Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Kayne CLO 8 LLC > News item |
Anchorage prices $341.01 million; Kayne Anderson sells CLO; Elmwood raises $392.4 million
By Cristal Cody
Tupelo, Miss., July 14 – Anchorage Capital Group, LLC priced its first new broadly syndicated CLO deal of the year, while two additional managers tapped the primary market with their second offerings of 2020.
Anchorage Capital Group, LLC, previously in the primary market in February with a CDO offering, sold $341.01 million of notes in the new CLO transaction.
Meanwhile, Elmwood Asset Management LLC sold $392.4 million of notes in the manager’s second broadly syndicated CLO deal year to date.
Kayne Anderson Capital Advisors, LP also priced $292.58 million of notes in its second broadly syndicated CLO transaction this year.
Year to date, about $35 billion of dollar-denominated broadly syndicated CLOs have priced, according to market sources.
Anchorage Capital in primary
Anchorage Capital Group sold $341.01 million of notes due July 20, 2031 in the Anchorage Capital CLO 15, Ltd./Anchorage Capital CLO 15, LLC offering, according to a market source.
The CLO sold $201.25 million of the class A floating-rate notes at Libor plus 185 basis points.
Citigroup Global Markets Inc. was the placement agent.
The transaction is backed primarily by broadly syndicated senior secured loans.
Anchorage Capital is a global asset manager based in New York.
Elmwood prints CLO V
Elmwood Asset Management priced $392.4 million of notes due July 24, 2031 in its broadly syndicated CLO transaction, according to market sources.
Elmwood CLO V Ltd. sold $239.5 million of the class A-1 floating-rate notes at Libor plus 175 bps.
RBC Capital Markets LLC was the placement agent.
The transaction is backed primarily by broadly syndicated first-lien senior secured loans.
The New York-based hedge fund was created in 2018.
Kayne Anderson sells $292.58 million
In Kayne Anderson Capital Advisors’ offering, $292,575,000 of notes due July 15, 2031 priced, according to a market source.
Kayne CLO 8 Ltd./Kayne CLO 8 LLC sold $155 million of class A-1 floating-rate notes at Libor plus 170 bps at the top of the capital stack.
J.P. Morgan Securities LLC was the placement agent.
The CLO is backed mainly by broadly syndicated first lien senior secured corporate loans.
The alternative asset management firm is based in Los Angeles.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.