Toro European CLO 6 and Guggenheim Partners price new deals; Apidos CLO XI refinances

Chicago, Sept. 6 – CLO issuance picked up on Friday with a dollar-denominated deal pricing, a Euro-denominated issue coming to market and details surfacing on a second refinancing.

Guggenheim priced $405.1 million from issuers Guggenheim CLO 2019-1 Ltd./Guggenheim CLO 2019-1 LLC in a deal that is set to close on Sept. 20.

Chenavari Credit Partners LLP brought €360.4 million of notes due Jan. 12, 2032 in its Toro European CLO 6 DAC transaction.

And, in a second refinancing CVC Credit Partners LLC priced $373.95 million of its Apidos CLO XI/Apidos CLO XI LLC in a deal that will redeem and issue anew six classes of notes in the portfolio.

And, the collateralized secondary market was busier on Thursday, according to Trace data.

Combined, the CBO/CDO/CLO market had $319.12 million exchange hands, the highest volume of the week, with the caveat that Friday data will be forthcoming.

Investment-grade secondary trading made up $202.59 million of that total. The average price was 98.7.

That left $116.533 million for the non-investment grade sector, with an average price of 86.9.

© 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.