Spire Partners to price new euro-denominated Aurium CLO VI notes

By Cristal Cody

Tupelo, Miss., June 4 – Spire Partners LLP plans to price a new euro-denominated collateralized loan obligation transaction, the manager’s first CLO of 2020, according to market sources.

The Aurium CLO VI DAC offering is expected to include €124.75 million of class A floating-rate notes (AAA/AAA); €25.5 million of class B floating-rate notes (AA/AA); €16 million of class C floating-rate notes (A/A); €13.2 million of class D floating-rate notes (BBB/BBB-); €10.5 million of class E floating-rate notes (BB-/BB-) and a euro-denominated subordinated tranche.

Spire Partners will manage the CLO, which has a three-year reinvestment period.

The issue is backed primarily by senior secured loans and bonds.

The CLO manager was last in the primary market when it issued the €447.8 million Aurium CLO V DAC deal on April 4, 2019.

Spire Partners is a fund management firm based in London.

© 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.