Fair Oaks mandates Barclays for ‘print and sprint’ euro CLO

Print_and_sprint_AdobeStock_575x375_14Sep20
By Tom Brown
14 Sep 2020

Fair Oaks Capital has adopted an unusual ‘print and sprint’ approach to its third European CLO, mandating Barclays to launch the €350m deal entirely without a pre-existing warehouse.

Seven debt tranches are available to investors and the manager is also open to selling some minority equity notes. The deal also includes criteria around environmental, social and corporate governance (ESG), in a similar vein to the manager's last two deals.

The €213.5m class ‘A’ tranche has ...

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