Price guidance a new $414 million CLO to be managed by Sankaty Advisors has emerged in line with other recent transactions, according to two people familiar with the deal.


Bank of America Merrill Lynch is raising the CLO, dubbed Race Point VI, which is expected to price next week. It includes a $243 million triple-A-rated tranche talked at Libor plus 130 bps.

Guidance on the mezzanine tranches is as follows: a $60 million double-A slice at Libor plus 250; a $28.5 single-A slice at Libor plus 375-400 basis points; a $19.25 million triple-B piece at Libor plus 575 basis points; and a $17.25 million double-B tranche at Libor plus 775 basis points.

The CLO also includes a $44 million unrated equity tranche.

Spokeswomen for Bank of America and Sankaty, the credit affiliate of Bain Capital, declined to comment.

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