BlackRock has priced its first domestic CLO of 2016 with a $500 million senior loans portfolio that, apart from slightly wider AAA spreads, mirrors its last U.S. collateralized loan obligation transaction in 2015.

BlackRock Financial Management Inc. says it has identified 85% of the targeted portfolio for Magnetite XVII, which at this point is a highly diverse mix mostly first-lien secured loans (97.6% of the assets)  from 160 obligors.

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