CIFC prices sixth US CLO of 2019

CLOs
By Paola Aurisicchio
02 Dec 2019

CIFC Asset Management has priced its sixth US CLO of 2019, bringing the manager’s new issuance volume for the year to over $3bn.

Credit Suisse led the new $403m deal, which includes $244m of senior class ‘A-1’ notes, rated triple-A by S&P Global Ratings and Fitch Ratings. The bonds were priced at 133bp over Libor, 1bp tighter than CIFC’s last deal. The lowest rated debt tranche, an $18m class ‘E’, was ...

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