Credit Suisse Asset Management markets $811.1 million Madison Park Funding XXVII CLO

By Cristal Cody

Tupelo, Miss., Jan. 19 – Credit Suisse Asset Management, LLC plans to price $811.1 million of notes due April 2030 in a new collateralized loan obligation transaction, according to a market source.

The Madison Park Funding XXVII Ltd./Madison Park Funding XXVII LLC deal includes $468 million of class A-1a floating-rate notes (Aaa/AAA); $36 million of class A-1b floating-rate notes (Aaa/non-rated); $106.4 million of class A-2 floating-rate notes (AA); $48 million of class B floating-rate notes (A); $48.8 million of class C deferrable floating-rate notes (BBB-); $30.4 million of class D deferrable floating-rate notes (BB-) and $73.5 million of subordinated notes.

BofA Merrill Lynch is the placement agent.

Credit Suisse Asset Management will manage the CLO.

The CLO has a two-year non-call period and a five-year reinvestment period.

The notes are collateralized primarily by broadly syndicated senior secured loans.

Credit Suisse Asset Management, a unit of Credit Suisse Group AG, priced one new U.S. CLO and refinanced seven vintage U.S. CLOs in 2017.

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