Morgan Stanley has priced a $618 million CLO for Invesco Senior Secured Management, according to market sources.
The transaction is structured as follows:
The non-call period is 1.5 years, and the reinvestment period is 4.1 years.
Including this transaction, CLO issuance in the year to date rises to $12.45 billion from 23 transactions, according to LCD. Fourteen CLOs have priced in February for $7.3 billion. – Sarah Husband