Hayfin’s European CLO platform achieves landmark tenth new issuance

Hayfin Capital Management today announces the pricing of Hayfin Emerald CLO X (“Emerald X”), a €450-million Collateralised Loan Obligation (“CLO”) and the tenth new-issue deal completed by Hayfin’s European CLO platform since August 2018. It follows the pricing of the €392.8m Hayfin Emerald IX CLO in March 2022.

Consistent with Hayfin’s previous European CLOs backed by broadly syndicated loans, Emerald X will invest in a diversified portfolio of European senior-secured loans and bonds. The structure once again attracted strong investor demand and was oversubscribed in all classes of notes.

Gina Germano, Portfolio Manager and Head of the European High-Yield & Syndicated Loans investment team, said: “It’s pleasing to have completed the tenth new issuance of our European platform which was established four years ago. The deal is testament to our team’s success in delivering a sustained period of excellent performance across our CLO portfolio on behalf of our investors.

“The strong demand for this deal following a period of challenging market conditions for new CLO prints underlines our status as one of Europe’s leading high-yield credit managers. Despite the mounting macroeconomic headwinds, including a rising interest rate environment and sustained inflationary pressures, we feel well placed to further differentiate ourselves through diligent credit selection, focus on research-driven processes and active portfolio management.”

Hayfin’s High-Yield & Syndicated Loans investment team won the High Yield Fund award at the 2021 AltCredit European Performance and Services Awards.

Jefferies acted as arranger for the transaction.


Hayfin enhances pan-European presence through Milan office opening

July 2nd 2019

Hayfin today announces the opening of an office in Milan to support the origination, execution and management of private credit investments in the Italian market.

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