Blackstone/GSO price €412.38 million CLO; CreekSource, THL, Apollo refinance notes

By Cristal Cody

Tupelo, Miss., Oct. 19 – Blackstone/GSO Debt Funds Management Europe Ltd. brought a €412.38 million new euro CLO to the primary market.

More than €13 billion of new issue euro-denominated CLOs have priced year to date, according to market sources.

The U.S. refinancing pace also remains strong.

THL Credit Senior Loan Strategies LLC priced $523.2 million of notes in a refinancing and reset of the vintage THL Credit Wind River 2013-2 CLO Ltd./THL Credit Wind River 2013-2 LLC deal.

THL also refinanced $400.25 million of notes in the previously reported 2015 THL Credit Wind River 2015-2 CLO Ltd./THL Credit Wind River 2015-2 LLC deal.

Also in refinancing action, Apollo Credit Management (CLO) LLC refinanced $446.5 million of notes in the third refinancing of a vintage 2012 CLO.

CreekSource LLC sold $309.2 million of notes in a refinancing and reset of a 2015 CLO.

About $125 billion of vintage CLOs have been refinanced and or reset year to date, according to market sources.

In its deal, Blackstone/GSO Debt Funds Management Europe priced €412.38 million of notes due Jan. 15, 2031 in a new euro collateralization loan obligation, according to a market source.

Willow Park CLO DAC sold €239 million of class A-1 senior secured floating-rate notes at Euribor plus 84 basis points at the top of the capital stack.

Deutsche Bank AG, London Branch arranged the deal.

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