J.P. Morgan has priced the €253 million Voya Euro CLO IV DAC for Voya Alternative Asset Management LLC, according to sources.

Details are as follows:

The size of the B-1 tranche was reduced to €15.5 million, from €17.5 million, while the B-2 tranche was upsized by €2 million. In addition, the size of the equity piece was reduced to €20.8 million, from €21.3 million.

The deal, which includes environmental, social and governance eligibility criteria, is expected to close on Dec. 2 and sports a one-year non-call period and a reinvestment period ending Jan. 15, 2024. The weighted average life test is 8.5 years.

The manager intends to comply with European Union risk retention rules via a vertical strip as originator.

This is the manager's second new issue this year and its fourth of the 2.0 era. It will be the first time the manager has issued two new collateralized loan obligations in a year.

The latest transaction takes the year-to-date European CLO volume and deal count to €17.7 billion from 53 deals, versus €24.99 billion from 60 deals in the same period in 2019.