CVC prices Cordatus European CLO via DB

CVC 230
By Tom Brown
05 Nov 2019

CVC Credit Partners has tapped Deutsche Bank to arrange its latest CLO, as new issuance takes center stage again amid the drop in European CLO refinancings.

The senior triple–A rated notes of the €413.55m Cordatus Loan Fund XVI were priced at 90bp over three month Euribor, with a Euribor floor set at 0%. The lowest rated class ‘F’ notes were priced at 920bp over. 

The CVC transaction comes as a wave of CLO ...

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