CLO Markets US Deals Alert - 30 August 2024, 16:17 UK time

Category: CLO Markets

The partial refi of Jamestown XVIII, a US BSL CLO managed by Investcorp Credit Management has priced via JP Morgan.

Jamestown CLO XVIII

Class Size ($m) M/Fitch Par Sub Coupon
A-1R 241.00 Aaa/- 35.70% SOFR + 1.27%
A-2 15.00 Aaa/AAA 35.70% N/A
BR 48.00 Aa2/- 23.60% SOFR + 1.85%
CR 19.20 A2/- 18.80% SOFR + 2.10%
DR 23.20 Baa3/- 13.00% SOFR + 3.75%
E 20.60 Ba3/- 7.80% N/A
SUB 39.60      
Total 406.60      

Key dates:

Closing Date: September 11, 2024

Non-Call Date A1R, BR, DR: December 11, 2025

Non-Call Date CR: September 11, 2025

Reinvestment Period: July 25, 2026

Stated Maturity: July 25, 2035    

The reset of Maranon 2021-3, a US middle market CLO managed by Maranon Management has priced via Wells Fargo Securities.

Maranon 2021-3

Class Size ($m) S&P WAL Par Sub CPN  DM $Price
X-R* 20.00 AAA 2.20   S + 130 130 100
A-R 174.00 AAA 5.52 44.00% S + 175 175 100
A-LR 50.00 AAA 5.52 44.00% S + 175 175 100
B-R 46.00 AA 7.16 32.50% S + 200 200 100
C-R 32.00 A 7.69 24.50% S + 245 245 100
D-R 24.00 BBB- 8.02 18.50% S + 481 490 99.5
E-R 26.00 BB- 8.51 12.00% S + 782 800 99
Equity 50.00 NR          
Total 422.00            

*Class X is paid off evenly in 16 periods, starting from the second period.

Key dates:

Reinvestment Period: October 15, 2028

Non-Call Period: September 18, 2026 (2.00 Years)

Expected Settlement: September 18, 2024 

Camilla Vitanza

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