Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers F > Headlines for Fortress Credit Opportunities IX CLO LLC > News item |
GoldenTree, BlackRock wrap new issue CLOs; Fortress to reprice notes from 2015 CLO
By Cristal Cody
Tupelo, Miss., Aug. 20 – In CLO market activity, two managers closed on new deals on Thursday.
GoldenTree Loan Management LP settled its previously reported $442.55 million GoldenTree Loan Management US CLO 8 Ltd./GoldenTree Loan Management US CLO 8 LLC deal. The CLO priced the $279.45 million of class A floating-rate notes at Libor plus 155 basis points.
BlackRock Financial Management, Inc. also closed Thursday on its $502 million Magnetite XXVII, Ltd./Magnetite XXVII LLC transaction, which issued $295 million of class A-1 floating-rate notes at Libor plus 155 bps.
In other activity, Fortress Investment Group LLC affiliate FC BSL III CM LLC intends to price fixed-rate notes in a second partial refinancing of a vintage 2015 broadly syndicated CLO transaction.
Fortress also repriced notes from its Fortress Credit Opportunities IX CLO Ltd./Fortress Credit Opportunities IX CLO LLC middle-market transaction on Aug. 4.
In its deal, Fortress Investment Group LLC affiliate FC BSL III CM LLC plans to reprice a fixed-rate tranche of notes from its Fortress Credit BSL III Ltd. transaction, according to a market notice.
About $45 billion of new CLOs have priced, while another $26 billion of vintage CLOs have been refinanced year to date, according to market sources.
© 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.