CSAM, Prudential price; Babson markets $411.5 million; National Bank of Greece offers CLO

By Cristal Cody

Eureka Springs, Ark., July 26 – Details emerged for new CLOs priced by Credit Suisse Asset Management, LLC and Prudential Investment Management, Inc.

Credit Suisse Asset Management priced an $814.25 million CLO.

Prudential Investment Management tapped the primary market with a $612.32 million deal.

The deal pipeline also continues to fill.

Babson Capital Management LLC is in the market with its second CLO transaction of the year, a $411.5 million offering.

Also, National Bank of Greece SA plans a €644.77 million SME CLO deal, the bank’s first since the financial crisis.

Credit Suisse Asset Management sold $814.25 million of notes in the Madison Park Funding XXI Ltd. transaction, according to a market source.

The CLO priced $516 million of class A-1 floating-rate notes at Libor plus 153 basis points and $84 million of class A-2 floating-rate notes at Libor plus 200 bps at the top of the capital structure.

Citigroup Global Markets Inc. was the placement agent.

The firm has priced two U.S. CLOs year to date.

Credit Suisse Asset Management, a unit of Credit Suisse Group AG, placed four U.S. CLO deals and refinanced one vintage CLO transaction in 2015.

Prudential Investment Management priced a $612.32 million CLO, according to a market source.

Dryden 43 Senior Loan Fund/Dryden 43 Senior Loan Fund LLC sold $381 million of class A floating-rate notes at Libor plus 154 bps in the senior tranche.

Deutsche Bank Securities Inc. was the placement agent.

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