Voya prices $603.4 million CLO; Neuberger raises $502.11 million; CBAM to refinance deal

By Cristal Cody

Tupelo, Miss., Nov. 14 – Voya Alternative Asset Management LLC priced $603.4 million of notes in the manager’s fourth new CLO offering of the year.

The CLO manager also brought four new CLO deals to the market in 2017 and 2018.

In other new issuance, Neuberger Berman Loan Advisers LLC priced a $502.11 million broadly syndicated CLO in its fourth new transaction this year.

Looking at other supply, CBAM CLO Management LLC plans to refinance notes from a $1 billion 2018 CLO deal.

CLO managers have priced about $100 billion of new broadly syndicated CLOs and refinanced about $45 billion of vintage CLOs year to date, according to market sources.

In its deal, Voya Alternative Asset Management priced $603.4 million of notes due January 2033 in the offering, according to market sources.

Voya CLO 2019-4, Ltd./Voya CLO 2019-4 LLC sold $372 million of class A-1 floating-rate notes at Libor plus 134 basis points at the top of the capital stack.

Meanwhile, Neuberger Berman Loan Advisers priced $502.11 million of notes in its CLO transaction, according to a market source.

Neuberger Berman Loan Advisers CLO 34, Ltd./Neuberger Berman Loan Advisers CLO 34, LLC sold $160 million of the class A-1 floating-rate notes at Libor plus 132 bps.

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