Littlejohn & Co’s Wellfleet Credit Partners and mid-market corporate lender NXT Capital each priced their first collateralized loan obligation of the year on Monday.

The $407.35 million Wellfleet CLO 201-1 will issue is backed by a portfolio of broadly syndicated corporate loans and will issue a $258 million senior tranche that is rated Aaa by Moody's Invesors Service and is expected to pay132 basis points over three-month Libor.

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