| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Triumph Capital Management, LLC > News item |
Triumph Capital prices $556.5 million CLO; Rockford Tower sells $506.5 million notes
By Cristal Cody
Tupelo, Miss., July 25 – Triumph Capital Management, LLC closed Thursday on $556.5 million of notes in the manager’s second new CLO offering of the year.
In other new issuance, details emerged on a $506.5 million new broadly syndicated CLO transaction that Rockford Tower Capital Management, LLC priced. The deal is the manager’s second CLO offering priced year to date.
About $60 billion of new broadly syndicated CLOs have priced so far this year, market sources report.
Triumph brings new CLO
Triumph Capital Management sold $556.5 million of notes due July 15, 2032 in the new CLO offering, according to market sources.
At the top of the capital stack, Trinitas CLO XI Ltd./Trinitas CLO XI LLC sold $204.82 million of class A loans at Libor plus 150 basis points, $173.91 million of class A-1 floating-rate notes at Libor plus 136 bps and $5.61 million of class A-2 floating-rate notes at Libor plus 195 bps.
Goldman Sachs & Co. LLC was the placement agent.
The deal is collateralized primarily by broadly syndicated senior secured corporate loans.
The CLO manager has priced two new CLOs and refinanced one vintage CLO year to date.
Triumph, a subsidiary of Dallas-based Triumph Bancorp, Inc., priced two new CLOs and refinanced two vintage CLOs in 2018.
Rockford Tower sells CLO
Rockford Tower Capital Management priced $506.5 million of notes in its broadly syndicated CLO transaction, according to a market source.
Rockford Tower CLO 2019-2, Ltd./Rockford Tower CLO 2019-2, LLC sold $325 million of class A floating-rate notes at Libor plus 133 bps in the AAA-rated tranche.
J.P. Morgan Securities LLC arranged the offering.
The notes are collateralized mainly by broadly syndicated first-lien senior secured loans.
Rockford Tower Capital Management is a Delaware limited liability company.
© 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.