Voya prices $396m 'print and sprint' CLO

By Paola Aurisicchio
11 Aug 2020

Voya Alternative Asset Management priced a $396m so-called 'print and sprint' CLO last week, joining a handful of managers that have opted for speedier deal execution in the Covid era.

Natixis arranged the deal, which included a $231m senior tranche, rated triple-A by S&P Global Ratings, that was priced at 160bp over three month Libor. It has a three-year reinvestment period.

The 'print and sprint' format gained popularity at the end of 2018, when the leveraged loan market ...

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