At a glance
- CIC Private Debt lends directly to European small and mid-market companies, and the firm said in the post that the transaction marks a further step in building its European CLO platform.
- The new CLO is about 31% larger by headline volume than the August reset of Victory Street CLO I, though the two transactions are a new issue and a reset, different exercises.
- BNP Paribas is also the bank through which Golub priced a $407.7m CLO in September, per this publication's coverage.
CIC Private Debt has priced Victory Street CLO III at €403.75m (£340m), closing the vehicle through BNP Paribas, according to a LinkedIn post cited by Alternative Credit Investor. The CLO drew support from existing investors and from ten new ones. CIC Private Debt lends directly to European small and mid-market companies, and the firm said in the post that the transaction marks a further step in building its European CLO platform.
The new CLO is about 31% larger by headline volume than the August reset of Victory Street CLO I, though the two transactions are a new issue and a reset, different exercises. Steve Dunn, head of CIC Private Debt in London, said: “We are particularly pleased with the strength of the execution and the highly competitive pricing achieved in today’s market.”
BNP Paribas is also the bank through which Golub priced a $407.7m CLO in September, per this publication's coverage.
Reported by the Direct Lending desk from Alternative Credit Investor. Published . Corrections