Voya prices $809.55 million CLO; York raises $511.75 million; middle-market space heats up

By Cristal Cody

Tupelo, Miss., Sept. 4 – Voya Alternative Asset Management LLC sold $809.55 million of notes in the CLO manager’s third transaction of the year.

Also in the primary market, York CLO Managed Holdings, LLC priced $511.75 million of notes in its second CLO deal.

In middle-market primary action, Fifth Street CLO Management LLC priced the Fifth Street SLF II Ltd./Fifth Street SLF II LLC deal via Natixis Securities America LLC. Final pricing details were not available by press time.

Middle-market commercial lender NewStar Financial, Inc. is in the pipeline with a $397.81 million offering of notes in the NewStar Commercial Loan Funding 2015-2 LLC CLO deal. Wells Fargo Securities, LLC is the placement agent.

Voya Alternative Asset Management sold $809.55 million of notes due Oct. 20, 2027 in its CLO transaction, according to a market source.

Voya CLO 2015-3, Ltd./Voya CLO 2015-3 LLC priced $468.4 million of class A-1a floating-rate notes at Libor plus 145 basis points and $50 million of class A-1 loans at Libor plus 135 bps in the senior tranches.

Citigroup Global Markets Inc. was the placement agent.

York CLO Managed Holdings priced $511.75 million of notes due Oct. 22, 2027 in the York CLO-2 Ltd./York CLO-2 LLC deal, according to a market source.

The CLO sold $320 million of class A floating-rate notes at Libor plus 160 bps at the top of the capital stack.

Credit Suisse Securities (USA) LLC arranged the transaction.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.