PineBridge sells euro CLO; Golub Capital brings $804.16 million notes; BlueMountain reprices

By Cristal Cody

Tupelo, Miss., April 25 – Two CLO managers closed Thursday on new euro- and dollar-denominated deals.

PineBridge Investments Europe Ltd. priced the manager’s first CLO offering of the year in a €413.25 million offering that closed on Thursday.

Meanwhile, Golub Capital affiliate GS Investment Management LLC priced $804.16 million of notes in a middle-market CLO deal that settled on Thursday.

In other pricing action, BlueMountain Capital Management LLC sold $372 million of notes in a second refinancing of a vintage 2013 CLO.

In its deal, PineBridge Investments Europe priced €413.25 million of notes due April 2032 in the Euro-Galaxy VII CLO BV deal, according to a market source.

In the senior secured tranches, Euro-Galaxy VII CLO sold €2 million of class X floating-rate notes at Euribor plus 44 basis points, €208 million of class A-1 floating-rate notes at Euribor plus 114 bps, €40 million of 1.35% class A-2 fixed-rate notes and €37 million of B floating-rate notes at Euribor plus 185 bps.

Meanwhile, GS Investment Management priced $804.16 million of notes due April 20, 2031 in the Golub Capital Partners CLO 42(M) Ltd./Golub Capital Partners CLO 42(M) LLC middle-market offering, sources said.

At the top of the capital stack, the CLO sold $427 million of class A-1 floating-rate notes at Libor plus 170 bps.

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