CLO primary action quiet after strong April; two deals brought to market over week

By Cristal Cody

Eureka Springs, Ark., May 6 – CLO market activity was quiet on Friday following a strong end to April’s deal pipeline, according to market sources.

New deals priced during the week included Triumph Capital Advisors, LLC affiliate Trinitas Capital Management LLC’s $407 million Trinitas CLO IV Ltd./Trinitas CLO IV LLC offering via Wells Fargo Securities, LLC and Aegon USA Investment Management LLC’s $397.15 million Cedar Funding V CLO Ltd./Cedar Funding V CLO LLC transaction via Jefferies LLC.

Year to date, $14.17 billion of dollar-denominated CLOs have priced in 35 deals, according to Prospect News data.

In the European primary market, €4.44 billion of CLOs have been brought year to date in 11 deals, data shows.

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