Antares prices reset of giant middle-market CLO

By Paola Aurisicchio
02 Mar 2021

Antares Capital has priced a jumbo reset, giving a new lease of life to its $2.1bn middle-market CLO originally issued in 2017.

The original CLO issued four years ago to invest in leveraged loans to middle-market and private equity-backed companies was the largest transaction in the CLO universe since 2016. The credit manager reset $1.9bn of Antares 2017-1, via Wells Fargo Securities, on Tuesday, pricing the senior notes at 159bp ...

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