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Bardin Hill offers new CLO following name change; GoldenTree eyes second euro CLO
By Cristal Cody
Tupelo, Miss., Nov. 13 – CLO managers are marketing new deals in both the U.S. and European primary markets.
Bardin Hill Investment Partners LP, formerly known as Halcyon Capital Management LP, plans to price a $461.72 million CLO in the company’s first deal since its new name was announced in October.
In the euro-denominated space, GoldenTree Asset Management LP is offering €405.1 million of notes in the CLO manager’s second European deal of the year.
More than $100 million of new issue dollar-denominated CLOs and more than €24 billion of new euro-denominated CLOs have priced year to date, according to market sources.
In its deal, Bardin Hill Investment Partners is offering $461.72 million of notes due Jan. 22, 2031 in the broadly syndicated CLO offering, according to a market source.
The Halcyon Loan Advisors Funding 2018-2 Ltd./Halcyon Loan Advisors Funding 2018-2 LLC deal includes $263 million of class A-1A senior secured floating-rate notes (Aaa/AAA), $29.5 million of class A-1B senior secured floating-rate notes (Aaa/non-rated/) and $49.5 million of class A-2 senior secured floating-rate notes (non-rated/AA/) at the top of the capital stack.
BNP Paribas Securities Corp. is the placement agent.
Halcyon Loan Advisors 2018-2 LLC will manage the CLO.
The transaction is expected to close on Dec. 27.
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