The Carlyle Group is planning a $494.2 million CLO. The deal, dubbed Carlyle Global Market Strategies CLO 2012-1, would be the private equity firm’s thirty-third, and its first new issue for 2012. It is an arbitrage cash flow CLO with a four-year reinvestment period, scheduled to end in April 2016, according to a presale report by Fitch Ratings.
CGMS CLO 2012-1 has a $320 million triple-A rated tranche with a target interest rate of Libor plus 145 basis points. It is being arranged by Wells Fargo Securities and Mitsubishi UFJ Securities.