Alcentra prices new $412.5 million CLO; CSAM, American Money, Anchorage Capital refinance

By Cristal Cody

Eureka Springs, Ark., Oct. 28 – In the new issue CLO market, Alcentra NY LLC priced a $412.5 million CLO deal.

Meanwhile, refinancing activity continues to remain heavy with details emerging on three transactions.

Credit Suisse Asset Management, LLC refinanced $713 million of notes in a vintage 2012 CLO.

American Money Management Corp. refinanced $405.4 million of notes in an existing 2012 deal.

Anchorage Capital Group, LLC refinanced $387.25 million of notes from a 2014 vintage CLO.

More than $14 billion of CLOs have been refinanced year to date, according to market sources and Prospect News data.

Alcentra NY sold $412.5 million of notes due Jan. 15, 2029 in a new broadly syndicated CLO deal, according to a market source.

Shackleton 2016-IX CLO, Ltd. priced $254 million of class A floating-rate notes at Libor plus 150 basis points in the senior tranche.

Morgan Stanley & Co. LLC was the placement agent.

In its deal, Credit Suisse Asset Management refinanced $713 million of notes in the vintage 2012 Madison Park Funding X Ltd. CLO offering, according to a market source and a notice of executed first supplemental indenture.

The CLO priced $488.25 million of class A-R senior secured floating-rate notes at Libor plus 145 bps at the top of the capital stack.

Wells Fargo Securities LLC was the refinancing agent.

The maturity on the refinanced notes was extended to Jan. 20, 2029 from the original Jan. 20, 2025 due date.

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