AllianceBernstein prices $405.43 million CLO; Napier Park prints; NXT taps market

By Cristal Cody

Tupelo, Miss., Dec. 8 – New CLO issuance includes offerings from AllianceBernstein LP, Napier Park Global Capital (U.S.) LP and NXT Capital Investment Advisers LLC.

AllianceBernstein subsidiary AB Broadly Syndicated Loan Manager LLC priced a $405.43 million broadly syndicated CLO.

Napier Park Global Capital also priced a $352.11 million broadly syndicated CLO offering.

NXT Capital Investment Advisers sold $452.78 million of notes in the manager’s first new middle-market CLO deal since 2017.

In other activity, several managers closed Tuesday on new offerings.

Kayne Anderson Capital Advisors, LP wrapped its $449 million Kayne CLO 9 Ltd./Kayne CLO 9 LLC deal, which sold $279 million of class A-1 floating-rate notes at Libor plus 140 basis points.

Onex Credit Partners, LLC settled its $399.95 million OCP CLO 2020-20 Ltd./OCP CLO 2020-20 LLC transaction with the $240 million tranche of class A-1 floating-rate notes placed at Libor plus 140 bps.

Palmer Square Capital Management LLC also closed on its $401.1 million Palmer Square CLO 2020-3 Ltd./Palmer Square CLO 2020-3, LLC offering. The $248 million of class A-1a floating-rate notes were priced at Libor plus 137 bps.

More than $78 billion of dollar-denominated broadly syndicated CLOs have priced year to date, according to market sources.

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