Carlyle, Onex, Pimco price broadly syndicated CLOs; Maranon Capital taps middle market

By Cristal Cody

Tupelo, Miss., Nov. 23 – Details emerged on several new broadly syndicated and middle-market CLO offerings on Monday.

Onex Credit Partners, LLC priced $399.95 million of notes in its third transaction this year.

Carlyle CLO Management LLC sold $359.83 million of notes in the manager’s second broadly syndicated CLO offering year to date.

In addition, Pacific Investment Management Co. LLC priced its first post financial-crisis broadly syndicated CLO offering, a market source said. Additional pricing details were not immediately available.

In the middle-market space, Maranon Capital, LP sold $363.63 million of notes and loans in the manager’s first middle-market CLO deal of the year.

More than $70 billion of dollar-denominated broadly syndicated CLOs and about $8 billion of middle-market CLOs have priced year to date, according to market sources.

In its deal, Onex Credit Partners priced $399.95 million of notes due Oct. 9, 2033 in the new OCP CLO 2020-20 Ltd./OCP CLO 2020-20 LLC transaction, according to market sources.

The CLO sold $240 million of the class A-1 floating-rate notes at Libor plus 140 basis points.

Natixis Securities Americas LLC was the placement agent.

The notes are backed primarily by broadly syndicated senior secured corporate loans.

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