Monroe, Seapoint Park price new CLOs; Crescent Capital gives terms; Cairn, CVC refinance

Chicago, Oct. 21 – A busy Monday in the CLO market had both dollar-denominated and euro-denominated issues price. Meanwhile, terms emerged on a deal from Friday, and Cairn and CVC partially refinanced vintage CLOs.

Monroe Capital LLC priced $453.15 million of notes due October 2031 in a middle-market CLO transaction.

On the euro side, Blackstone/GSO Debt Funds Management Europe Ltd. priced €406.35 million of notes with Seapoint Park CLO DAC as issuer.

Terms became available on the transaction managed by Crescent Capital Group LP wherein Atlas Senior Loan Fund XV, Ltd./Atlas Senior Loan Fund XV, LLC sold $406.5 million of notes due Oct. 23, 2032.

Details also became available on refinancings from Cairn CLO VII BV and CVC Cordatus Loan Fund V DAC. Both transactions were initially slated to have additional classes of notes as part of the reissue, and both issuers ended up reissuing only two classes of notes each.

In new paper, Monroe Capital brought $453.13 million in five classes of floating-rate notes plus one subordinated note class.

The target closing date for the CLO is Nov. 13.

From Dublin-based Blackstone/GSO, an experienced manager, a new issuer surfaced in the form of Seapoint Park.

The €406.35 million transaction priced in eight parts plus a class of subordinated notes.

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