| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for DoubleLine Capital LP > News item |
DoubleLine prices $407 million; Alcentra raises €411.1 million in manager’s second CLO
By Cristal Cody
Tupelo, Miss., Dec. 13 – DoubleLine Capital LP closed Thursday on a new $407.05 million CLO offering.
The deal is the second CLO transaction the manager has priced in 2018.
Meanwhile, in the European primary market, Alcentra Ltd. sold €411.1 million of notes in its second CLO deal of the year.
More than $110 billion of new CLOs have priced year to date in the dollar-denominated market, while more than €26 billion of euro-denominated CLOs have been sold in 2018, according to market sources.
DoubleLine brings deal
DoubleLine Capital sold $407.05 million of notes due Oct. 20, 2031 in the CLO transaction, according to a market source.
Parallel 2018-2 Ltd./Parallel 2018-2 LLC CLO priced $260 million of class A-1 senior secured floating-rate notes at Libor plus 125 basis points in the senior tranche.
Citigroup Global Markets Inc. was the placement agent.
The CLO is collateralized mainly by broadly syndicated first-lien senior secured corporate loans.
DoubleLine Capital has priced two new issue CLOs year to date. The CLO manager brought its first CLO deal in 2015 and its second CLO transaction in 2017.
The investment management firm is based in Los Angeles.
Alcentra places Jubilee CLO
Alcentra priced €411.1 million of notes due Jan. 15, 2032 in the new Jubilee CLO 2018-XXI BV transaction, according to a market source.
The CLO sold €244 million of the class A senior secured floating-rate notes (Aaa//AAA) at Euribor plus 96 bps.
Morgan Stanley & Co. International plc was the placement agent.
The issue is backed primarily by senior secured loans and bonds.
Alcentra has priced two new euro-denominated CLOs in 2018.
The CLO manager sold two European CLOs in 2017.
Alcentra is a London-based global asset management firm and indirect subsidiary of BNY Alcentra Group Holding, Inc.
© 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.