CVC Credit prices first CLO deal of 2025

CVC Credit has priced the reset and upsize of its Cordatus X collateralised loan obligation (CLO) vehicle, to €450m (£375.3m).

This is the firm’s first CLO pricing of 2025 and follows a busy 2024, with $11bn (£8.8bn) of CLO activity across 25 transactions.

CVC Credit is the €41bn global credit management business of the alternative asset manager CVC.

Read more: CVC Credit prices $507m CLO

“We are delighted to have priced the reset and upsize of Cordatus X, increasing the size of the vehicle by €90m to €450m and optimising the portfolio,” said Guillaume Tarneaud, partner and head of European performing credit at CVC Credit. “It’s great to be off the mark in 2025.”

Gretchen Bergstresser, managing partner and global head of performing credit at CVC Credit said: “At CVC Credit we are great believers in actively managing our existing CLO vehicles by continuously evaluating and executing opportunities that enhance the return profiles for our investors through resets, refinancings and/or reissues. Cordatus X is a classic example of this.”

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