Hayfin today announces the pricing of Hayfin CLO XII (“Hayfin XII”), a $352.6-million Collateralised Loan Obligation (“CLO”). The structure will invest in a diversified portfolio of US senior-secured loans and bonds and follows on from the two CLOs issued by Hayfin in the European market since July.

The issuance of Hayfin XII was characterised by strong investor demand throughout the capital stack. Hayfin now manages five CLOs in the US and has established a transatlantic footprint in the CLO market, completing c.$1.9 billion in new US issuance and over €1.9 billion in new European issuance since 2018. In recognition of its performance, Hayfin was nominated for Manager of the Year and Best US Boutique CLO Manager in the 2020 Creditflux Awards.

Tim Flynn, Chief Executive Officer at Hayfin, said: “We’re pleased to have successfully executed another CLO transaction, continuing the longstanding issuing history of our US CLO platform. This deal builds upon our track record of issuing and managing through multiple cycles and continues Hayfin’s development across all our key asset classes and geographies, despite the challenging macroeconomic conditions of this year.”

Jefferies acted as arranger for the Hayfin XII transaction.