BNP, CSAM price euro CLOs; THL closes deal; Columbia Management refinances $722.75 million

By Cristal Cody

Tupelo, Miss., Aug. 9 – The U.S. and European CLO primary markets are staying active in August with details out on new deals.

BNP Paribas Asset Management France SAS priced a new €411.25 million CLO offering.

Also, Credit Suisse Asset Management Ltd. sold €508.5 million of notes in the Cadogan Square CLO XII DAC via Morgan Stanley & Co. International plc, a market source said. Final pricing details were not immediately available.

In the U.S. market, THL Credit Advisors LLC announced on Thursday that it closed on its previously reported $511.5 million THL Credit Wind River 2018-1 CLO Ltd./THL Credit Wind River 2018-1 LLC transaction.

The CLO placed the $298.75 million of class A-1 senior secured floating-rate notes at Libor plus 104 basis points.

Morgan Stanley & Co. LLC was the arranger.

THL Credit Advisors said it now manages 22 CLOs totaling more than $12 billion in assets following its acquisition of the CLO management business of Kramer Van Kirk Credit Strategies LP and KVK Global Strategies LLC.

“With this latest Wind River close and the CLOs we gained in the recent acquisition of KVK’s collateral management business earlier this summer, we have expanded our CLO assets under management by approximately $4 billion this year,” Chris Flynn, chief executive officer of THL Credit, said in a news release.

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