Apollo subsidiary prices $447m CLO

dollar_storm_adobestock_575x375
By Paola Aurisicchio
13 Apr 2020

Apollo Global Management subsidiary Redding Ridge priced a $447m CLO at the end of last week with a shortened reinvestment period, the second manager to reenter the market in less than a week, following nearly a full month of zero new issuance.

The deal from Redding Ridge, which oversees about $7.6bn in assets, has a one-year reinvestment period and includes a $250m senior tranche rated triple-A by S&P Global Ratings. The transaction was priced on Thursday via Natixis.

The CLO follows the pricing of a transaction from Balckstone’s GSO credit management ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial