Trimaran, Prudential price; Guggenheim brings CLOs; CQS sells €362.2 million; Onex eyed

By Cristal Cody

Tupelo, Miss., March 31 – More than $29 billion of CLO deals priced in the first quarter, ahead of the pace set in the same periods in 2013 and 2014, according to market sources and data compiled by Prospect News on Tuesday.

In the first three months of 2013, $25.3 billion of CLOs had priced, while $21.8 billion of deals came in the same period in 2014, according to a Wells Fargo Securities, LLC report.

In new primary activity, Trimaran Advisors, LLC priced a $463.8 million CLO transaction.

Also in the U.S. market, Prudential Investment Management, Inc. brought a $515.2 million deal.

In other new issuance, Guggenheim Partners Investment Management LLC priced a $558.9 million CLO.

Guggenheim also sold $857 million of notes in the NZCG Funding 2 Ltd. CLO transaction. Final pricing details were not available by press time.

Also in the U.S. primary market, Alcentra NY LLC priced $508 million of notes in the Shackleton 2015-VII CLO Ltd. transaction. Final pricing details were not immediately available.

In other pricing action, CQS Management, Ltd. tapped the European market with a €362.2 million CLO transaction.

Looking ahead to deals coming up, Onex Credit Partners, LLC is in the pipeline with a $510 million offering.

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