Kayne Anderson prices new CLO

Bond market graph volatility from Adobe 22May20 575x375
By Paola Aurisicchio
07 Jul 2020

Kayne Anderson Capital Advisors has priced a $293m CLO via JP Morgan, its first since the outbreak of the pandemic.

Rated triple-A by Fitch Ratings and S&P Global Ratings, $155m of senior notes were sold at 170bp over three month Libor. The deal has a three year reinvestment period, a common duration for managers pricing new deals over the last month.

The deal reflects the evolution of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial