Hayfin has announced the reset of Hayfin US XII (“Hayfin US XII”), a $353 million Collateralized Loan Obligation (“CLO”), which was first priced in December 2020. The deal attracted strong investor demand throughout the capital stack. Hayfin US XII will be backed by a diversified portfolio of primarily US senior-secured loans and will have a five-year reinvestment period and a two-year non-call period.

The successful completion of this reset follows an active 2024 with the new issue print of Hayfin US XV in addition to the pricing of two new issue CLOs and three reset transactions of Hayfin’s Emerald series, its European shelf. Hayfin’s Global CLO Platform AUM stands at more than $7.3bn.

Peter Swanson, Hayfin’s Senior Portfolio Manager and Head of US High-Yield and Syndicated Loans, commented: “We believe this transaction highlights our leading performance and portfolio quality. The competitive structure and spreads at which the notes were placed, reflects the confidence of both new and repeat investors in our track record of credit selection and active portfolio management.”

Jefferies acted as an arranger for this reset and the original new issue.