The U.S. new issue pipeline for collateralized loan obligations (CLOs) remains robust in the US. In the week ended March 22, Moody’s Investors Service assigned new provisional or definitive ratings to seven deals backed mainly by broadly syndicated first-lien senior secured loans and one by backed by first-lien secured loans to small and medium-sized enterprises, according to research the agency published Monday.
The deals include the $399.5 million AMMC CLO XII, managed by American Money Management Corp. and underwritten by UBS Securities;
The $500 million Apidos CLO XII, managed by CVC Capital and underwritten by Bank of America Merrill Lynch;
The $575 million Galaxy XV CLO, managed by Pinebridge Investments and underwritten by Goldman Sachs;
The $450 million JFIN CLO 2013, managed by Jefferies, sub-advised by Babson Capital Management and underwritten by Citigroup Global Markets;
The $400 million Nomad CLO, managed by Invesco and underwritten by Citigroup Global Markets;
The $700 million Sheridan Square CLO, managed by GSO/Blackstone Debt Funds Capital Management and underwritten by Wells Fargo;
The $500 million Adirondack Park CLO, also managed by GSO/Blackstone but underwritten by Morgan Stanley;
And the $300 million MCF CLO II, managed by MCF Capital Management and underwritten by Wells Fargo.