Credit Suisse last night priced an $832 million CLO for Credit Suisse Asset Management, according to sources.
The CLO, which is the largest deal to price in the year to date, is structured as follows:
The deal has a two-year non-call period and a four-year reinvestment period, according to the S&P presale report.
With CSAM’s deal, CLO issuance in 2013 stands at about $7.28 billion, according to LCD. – Kerry Kantin