Invesco prices $510.2 million; CELF offers €410.25 million notes, its second euro CLO

By Cristal Cody

Tupelo, Miss., July 5 – Invesco Senior Secured Management, Inc. priced a $510.2 million new broadly syndicated CLO, while CELF Advisors LLP plans to tap the European primary market for a second time.

CELF Advisors is offering €410.25 million of notes in the new CLO transaction.

Year to date, about $57 billion of new U.S. dollar-denominated CLOs and more than €11 billion of European CLOs have priced, according to market sources.

In its deal, Invesco Senior Secured Management sold $510.2 million of notes due July 2031 in the new CLO, according to a market source.

Alinea CLO Ltd. sold $325 million of the class A senior secured floating-rate notes at Libor plus 107 basis points.

BofA Merrill Lynch was the placement agent.

Invesco Senior Secured Management, Inc. is a subsidiary of Atlanta-based Invesco, Ltd.

Meanwhile, CELF Advisors plans to price €410.25 million of notes due Aug. 28, 2031 in the new Carlyle Euro CLO 2018-2 DAC offering, according to a market source.

Deutsche Bank AG, London Branch is the placement agent.

The deal is expected to close Aug. 30.

London-based CELF is part of the Washington, D.C.-based Carlyle Group LP.

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