Citi yesterday priced a $610.9 million CLO for Octagon Credit Investors LLC, according to market sources. This is the manager’s third new issue of the year.
Pricing details are as follows:
The transaction will close on July 10, with the non-call period running until July 2020, and the reinvestment period ending on July 2023. The legal final maturity is on July 2030.
Year-to-date new issuance in the U.S. is now $53.77 billion from 95 CLOs, according to LCD data. May’s volume is now $10.82 billion from 20 new issues. — Andrew Park
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