Post Advisory Group closes debut CLO amid heavy supply

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By David Bell
18 Apr 2018

Post Advisory Group, which set up a new CLO business in September last year, closed a debut deal on Tuesday as spreads leak wider in the primary market on the back of heavy supply.

Arranger JP Morgan priced the senior triple-A notes of Post Advisory Group’s debut $409.7m deal at 105bp over three month Libor. The deal has a five year reinvestment period and a two year non-call.

The riskiest piece of the debt structure, the double-B notes, were priced at 587bp. ...

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