Wells Fargo today priced a $411.8 million CLO for Chicago Fundamental Investment Partners, according to sources.
The transaction is structured as follows:
The deal has a two-year non-call period and a four-year reinvestment period.
The manager priced its last CLO in February 2013, also via Wells Fargo.
With CFIP’s deal, CLO issuance in the year to date rises to $21.88 billion across 43 deals, according to LCD. In March, 20 CLOs have priced totaling $10.4 billion. – Sarah Husband