J.P. Morgan today priced a $434.225 million CLO for Eaton Vance Management, according to sources.
The deal, which is the asset manager’s first CLO to price since the credit crisis, is structured as follows:
The deal has a two-year non-call period and a four-year reinvestment period, with an 11-year legal final maturity.
With Eaton Vance’s deal, CLO issuance in the year to date rises to $61.42 billion across 127 deals, according to LCD. Eight deals have priced in October totaling $3.44 billion. – Kerry Kantin