Carlyle Group readies to price new European CLO transaction

By Cristal Cody

Tupelo, Miss., Jan. 9 - The Carlyle Group LP plans to be in the market within the next few weeks with a new European collateralized loan obligation transaction, according to an informed source on Thursday.

The deal size for the Carlyle Global Market Strategies Euro CLO vehicle has not been finalized but likely will be in the €350 million to €400 million area, the source said.

Credit Suisse Securities (Europe) Ltd. is the placement agent.

CELF Advisors LLP, a member of the Carlyle Group, will manage the CLO.

Washington, D.C.-based Carlyle Group priced two European CLOs in 2013. The firm sold the €350 million Carlyle Global Market Strategies Euro CLO 2013-1 BV offering in June and the €335.9 million Carlyle Global Market Strategies Euro CLO 2013-2, Ltd. deal in September.

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