RBS this week priced a $259.08 million CLO for Valcour Capital Management, according to market sources.

The transaction, which is the manager’s first CLO, is structured as follows:

Both the non-call and reinvestment periods run to November 2014, according to the Moody’s presale report, which notes the legal final maturity is August 2022.

Including Valcour’s deal, year-to-date CLO issuance, excluding static transactions, rises to about $25.8 billion, versus $7.6 billion during the same period last year, according to LCD. – Kerry Kantin