Morgan Stanley has priced a $519 million CLO for Invesco Senior Secured Management, according to sources.
The vehicle, which is the manager’s third to price this year, is structured as follows:
The CLO has a 2.1-year non-call period and a 4.1-year reinvestment period.
With Invesco’s deal, CLO issuance in the year to date totals $66.82 billion across 139 deals, according to LCD. This is the fourth deal to price in November, for a total $1.86 billion. – Sarah Husband