Shenkman returns to CLO mart after 2020 absence

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By Paola Aurisicchio
19 Apr 2021

Shenkman Capital has returned to the CLO market after skipping issuance during 2020, pricing a deal named Romark CLO IV through its affiliate Romark Credit Advisors.

The $366m CLO was arranged by JP Morgan and it included $244m senior notes, rated triple-A by S$P, sold at 117bp over three month Libor. The deal, priced on Friday, had a five year reinvestment period. It followed the transaction named Romark CLO III priced in July 2019.

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