BofA Securities has priced the $401.8 million ICG US collateralized loan obligation 2020-1 for ICG Debt Advisors.

Pricing details are as follows:

The transaction is structured with the intent to be compliant with EU risk-retention requirements.

The deal, which is expected to settle Nov. 2, has a non-call period ending Oct. 22, 2021, and a reinvestment period ending Oct. 22, 2023.

This is the manager's first new U.S. collateralized loan obligation of the year following pricing of the $400.2 million ICG US CLO 2019-1 in August 2019.