Citi prices $457M Basswood Park CLO for Blackstone, with triple-As at 100 bps

Citi on March 4 priced the $457.26 million Basswood Park CLO for Blackstone Liquid Credit Strategies.

Details are as follows:

The deal, which is expected to close on April 29, carries a non-call period ending on April 20, 2023, and a reinvestment period ending on April 20, 2026. The legal final maturity is April 20, 2034.

This is the first new issue U.S. CLO of the year for the manager, which last week priced the $524.6 million reset of Thayer Park CLO via BNP Paribas, the triple-As of which priced at 104 bps.