LoanCore prices jumbo $1bn CRE CLO

LoanCore Capital priced the largest commercial real estate CLO of the year on Friday, selling the $1.05bn LNCR 2018-CRE1 via lead arrangers Goldman Sachs and Morgan Stanley, and co-managers Wells Fargo and Jefferies.

  • By Max Adams
  • 21 May 2018
LoanCore sold the senior notes, rated triple-A by Kroll Bond Rating Agency and Moody’s, at 113bp over one month Libor. The rest of the offered classes were priced from 150bp-295bp over the benchmark (for full pricing, see GlobalCapital’s US priced deals database). The deal is a managed transaction, ...

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2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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