NXT Capital priced the senior, 'AAA'-rated tranche of a $308 million CLO at Libor plus 190 basis points, the middle market lender said Thursday.

That was below the initial price talk of Libor plus 195 basis points, as disclosed in a presale report by Moody’s Investors Service, and the lowest level for a middle-market CLO since the financial crisis, according to NXT’s statement.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.