Diameter sells CBO; AB Private, Crescent price middle-market CLOs; MJX plans reprint

By Cristal Cody

Tupelo, Miss., Nov. 15 – Diameter Capital Partners LP priced $273.6 million of notes in a new collateralized bond obligation transaction.

Meanwhile, the CLO middle-market space is seeing volume with details out on two new deals.

AB Private Credit Investors LLC priced a $348.11 million middle-market CLO.

Also, Crescent Capital Group LP closed Friday on a middle-market offering.

In the broadly syndicated CLO market, MJX Asset Management LLC plans to refinance one tranche of notes from a 2016 transaction.

Looking at other activity, leveraged loans outflows rose to $310 million for the past week ended Wednesday from $140 million in the prior week, according to a BofA Securities, Inc. research note released Friday.

In its deal, Diameter Capital Partners priced $273.6 million of notes in the Diameter Credit Funding 2019-II, Ltd. CBO transaction, according to a market source.

The CBO sold $122.4 million of 3.94% class A fixed-rate notes at the top of the capital structure.

Separately, AB Private Credit Investors sold $348.11 million of notes due Oct. 20, 2031 in the middle-market CLO deal, according to an informed source.

ABPCI Direct Lending Fund CLO VII Ltd./ABPCI Direct Lending Fund CLO VII LLC priced $173 million of class A-1A floating-rate notes at Libor plus 181 basis points at the top of the capital stack.

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