THL Credit prices Wind River 2019-2; Five Arrows sells €459.9 million in Contego VII

Chicago, Sept. 23 – Two new issues came to the collateralized loan obligation market on Monday.

THL Credit Advisors LLC priced $508.3 million of notes in a cash flow CLO.

And, Five Arrows Managers LLP priced €459.9 million of notes with Contego CLO VII DAC as issuer.

On Friday, the secondary market was busy, although a little slower than earlier in the week.

In the investment grade sector for CBO/CDO/CLO trading $555.92 million exchanged hands, according to Trace data.

The average price was 99.3.

Investment-grade issues traded with an average price of 99.20 on Thursday, compared to 98.30 on Wednesday and 99.40 on Tuesday.

The non-investment grade market had $90.26 million in volume with an average price of 82.2.

Non-high-grade CBO/CDO/CLO issues improved to an average trading price of 87.30 on Thursday from 47.30 on Wednesday and 80.10 on Tuesday, Trace data shows.

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