Trinitas Capital Management markets $406.64 million Trinitas CLO IV

By Cristal Cody

Eureka Springs, Ark., May 2 – Triumph Capital Advisors, LLC affiliate Trinitas Capital Management LLC plans to price $406.64 million of notes due 2028 in a previously reported collateralized loan obligation deal, according to a market source.

The Trinitas CLO IV Ltd./Trinitas CLO IV LLC offering includes $2 million of class X floating-rate notes (/AAA/); $258 million of class A floating-rate notes (/AAA/); $42 million of class B floating-rate notes (/AA/); $28 million of class C deferrable floating-rate notes (/A/); $15 million of class D-1 deferrable floating-rate notes (/BBB/); $5 million of class D-2 deferrable floating-rate notes (/BBB/); $20 million of class E deferrable floating-rate notes (/BB-/) and $36.64 million of subordinated notes.

Wells Fargo Securities, LLC is the placement agent.

Trinitas Capital Management will manage the CLO. Triumph Capital will provide initial staff and services.

The deal is backed primarily by broadly syndicated senior secured loans.

Triumph Capital priced one new CLO offering and refinanced a vintage CLO deal in 2015.

The investment management firm is a subsidiary of Dallas-based Triumph Bancorp, Inc.

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