CIFC prices sixth US CLO of 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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