Kayne Anderson prices $604 million CLO; Zais prints $299.5 million; Alcentra refinances

By Cristal Cody

Tupelo, Miss., March 5 – Kayne Anderson Capital Advisors, LP and Zais Group, LLC tapped the CLO primary market with new deals.

Kayne Anderson Capital Advisors priced a $604 million broadly syndicated CLO.

Zais Group sold $299.5 million of notes in its broadly syndicated CLO offering.

Meanwhile, Alcentra NY, LLC priced $407.5 million of notes in a refinancing of a vintage 2017 CLO.

Year to date, about $14 billion of new broadly syndicated CLOs have priced and nearly $24 billion of vintage CLOs have been refinanced, reset and reissued, market sources report.

Kayne CLO 7 prices

Kayne Anderson Capital Advisors priced $604 million of notes due April 17, 2033 in the transaction, according to market sources.

Kayne CLO 7 Ltd./Kayne CLO 7 LLC sold $374 million of class A-1 floating-rate notes at Libor plus 120 basis points at the top of the capital stack.

Goldman Sachs & Co. LLC was the placement agent.

The CLO is backed mainly by broadly syndicated first-lien senior secured corporate loans.

The alternative asset management firm is based in Los Angeles.

Zais CLO 14 prints

Zais Group priced $299.5 million of notes due April 15, 2032 in a broadly syndicated CLO offering, according to market sources.

Zais CLO 14 Ltd./Zais CLO 14 LLC sold $154 million of class A-1A floating-rate notes at Libor plus 140 bps at the top of the capital structure.

Goldman Sachs was the placement agent.

Zais Leveraged Loan Master Manager, LLC will manage the CLO.

The issue is backed by broadly syndicated first-lien senior secured corporate loans.

Zais Group is a structured credit asset management firm based in Red Bank, N.J.

Alcentra reprices 2017-XI

Alcentra NY priced $407.5 million of notes due Aug. 15, 2030 in a refinancing of a CLO deal originally issued on Aug. 8, 2017, according to market sources.

Shackleton 2017-XI CLO, Ltd./Shackleton 2017-XI CLO LLC sold $320 million of class A-R senior secured floating-rate notes at Libor plus 109 bps in the AAA-rated tranche.

BofA Securities, Inc. was the refinancing placement agent.

The CLO is collateralized mainly by broadly syndicated first-lien senior secured loans.

The New York-based firm is part of BNY Alcentra Group Holdings, Inc.

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