J.P. Morgan prices $407M CBAM 2021-14 CLO for CBAM Partners

J.P. Morgan last week priced the $407 million CBAM 2021-14 CLO for CBAM Partners.

Details are as follows:

The deal, which is expected to settle on April 8, has a non-call period ending April 20, 2023, and a reinvestment period that ends April 20, 2026. The legal final maturity is April 20, 2034.

The manager printed two new issue CLOs in 2020, the last of which was the $468 million CBAM 2020-13, which priced in November via BNP Paribas.