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Prospect News home > News index > List of issuers H > Headlines for HPS Investment Partners, LLC > News item
Published on 5/22/2018 in the Prospect News CLO Daily.

Voya prices $612.1 million CLO; HPS sells $510.55 million in its first deal of year

By Cristal Cody

Tupelo, Miss., May 22 – CLO deal action in May remains busy with details out on two new offerings that priced in the primary market.

Voya Alternative Asset Management LLC sold $612.1 million of notes in the CLO manager’s second new deal of the year.

HPS Investment Partners, LLC priced a $510.55 million CLO in the firm’s first new offering of 2018.

The CLO manager was last in the primary market on May 25, 2017 when it issued the $512.07 million HPS Loan Management 11-2017 Ltd./HPS Loan Management 11-2017 LLC transaction.

More than $43 billion of new CLOs have priced year to date, according to market sources.

Elsewhere, in the secondary market on Monday, $106.11 million of high-grade CBO/CDO/CLO issues and $75.59 million of lower-rated securities were traded, according to Trace data.

Voya prices second new CLO

Voya Alternative Asset Management priced $612.1 million of notes due July 15, 2031 in the new offering, according to a market source.

Voya CLO 2018-2, Ltd./Voya CLO 2018-2 LLC sold $360 million of class A-1 floating-rate notes at Libor plus 100 basis points in the senior tranche.

Morgan Stanley & Co. LLC arranged the offering.

The firm is an affiliate of New York City-based Voya Investment Management LLC.

HPS Investment prices CLO

HPS Investment Partners sold $510.55 million of notes due July 15, 2031 in the HPS Loan Management 12-2018 Ltd./HPS Loan Management 12-2018 LLC deal, according to a market source.

HPS Loan Management 12-2018 sold $287.5 million of class A-1A floating-rate notes at Libor plus 105 bps at the top of the capital structure.

BofA Merrill Lynch was the placement agent.

The subsidiary of Highbridge Capital Management, LLC is based in New York City.


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