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Published on 9/12/2014 in the Prospect News CLO Daily.

Credit Suisse Asset Management plans second $1 billion CLO offering

By Cristal Cody

Tupelo, Miss., Sept. 12 – Credit Suisse Asset Management, LLC is expected to price a $1 billion collateralized loan obligation transaction, according to a market source on Friday.

Credit Suisse Securities (USA) LLC is the placement agent.

Credit Suisse Asset Management will manage the CLO.

The New York-based firm previously priced $1,036,000,000 of notes due July 21, 2026 in the Madison Park Funding XIV Ltd./Madison Park Funding XIV LLC CLO deal on July 7.

Credit Suisse Asset Management, a unit of Credit Suisse Group AG, has priced three CLO transactions and refinanced two vintage CLOs year to date.


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