CSAM prices $596.2 million CLO; Marble Point prints $494.5 million; secondary active

By Cristal Cody

Tupelo, Miss., Aug. 25 – Credit Suisse Asset Management, LLC sold $596.2 million of notes in the manager’s second dollar-denominated broadly syndicated CLO offering this year.

Also in new primary activity, Marble Point CLO Management LLC priced $494.5 million of notes in its second new CLO deal of 2020.

Meanwhile on Tuesday, Eaton Vance Management settled its previously reported $451.93 million Eaton Vance CLO 2020-1 Ltd./Eaton Vance CLO 2020-1, LLC offering that placed the AAA-rated tranche at Libor plus 165 basis points.

Also, Angelo, Gordon & Co., LP closed on its $294.8 million Northwoods Capital 22, Ltd./Northwoods Capital 22, LLC deal. The previously reported CLO priced the senior AAA tranche at Libor plus 192 bps.

More than $45 billion of new CLOs have priced year to date, according to market sources.

Looking at secondary market activity, the week kicked off with $247.29 million of investment-grade CBO/CDO/CLO notes and $59.99 million of lower-rated paper traded on Monday, Trace data shows.

In its deal, Credit Suisse Asset Management sold $596.2 million of notes due Oct. 15, 2031 in the CLO offering, according to market sources.

Madison Park Funding XLVI Ltd./Madison Park Funding XLVI LLC priced $360 million of class A floating-rate notes at Libor plus 160 bps in the AAA-rated tranche.

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