Elmwood resets $930m CLO, adds single-B tranche

By Paola Aurisicchio
30 Mar 2021

Extra large deals continue to flood into the market, with Elmwood Asset Management resetting its $930m 2019 deal Elmwood CLO II.

The CLO, arranged by JP Morgan, includes a $640m triple-A rated tranche priced at 115bp over three month Libor. The senior notes of the original CLO were sold at 145bp over three month Libor in 2019.

Elmwood joined a handful of managers that are going big this year, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial