CVC Credit prices €400m CLO

CVC Credit has successfully priced Cordatus XXXV, a new €400m (£338.9m) collateralised loan obligation (CLO).

The vehicle has a four-and-a-half-year reinvestment period and a one-and-a-half-year non-call structure with more than 75 per cent of assets already sourced.

Jefferies served as the lead arranger.

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“We are very pleased to have priced our second new issue European CLO of the year and fourth new CLO globally,” said Guillaume Tarneaud, partner and co-head of global performing credit at CVC Credit.

“The transaction was oversubscribed and priced at market tights despite ongoing volatility. 2025 has already been very active from an issuance perspective and we are optimistic about the rest of the year with the strength of our teams in both Europe and North America.”

Cordatus XXXV follows the pricing of $475m (£356m) Apidos LIII in April, which was CVC Credit’s third new CLO priced globally this year.

The three CLOs priced by CVC Credit this year, prior to Cordatus XXXV, had an aggregate value of $1.4bn.

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