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3 Feb, 2022
By Glen Fest
Citigroup has priced the $555.65 million Bain Capital Credit CLO 2022-1, garnering a triple-A spread of 132 bps over the term secured overnight financing rate.
Deal details are as follows:
The first deal issued this year by Bain Capital Credit U.S. CLO Manager has a two-year non-call and five-year reinvestment period. The final stated maturity is April 18, 2035.
The expected closing date is March 17.
In 2021, Bain Capital issued seven deals totaling $3.3 billion.