3 Feb, 2022

Bain Capital Credit enters 2022 CLO primary market via Citi

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:

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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.