Hayfin grows European CLO platform with upsized new-issue €457.4m Emerald VII


Hayfin today announces the pricing of Hayfin Emerald CLO VII (“Emerald VII”), a €457.4 million European Collateralised Loan Obligation (“CLO”). The transaction, which was upsized in response to strong investor demand, increases the total AUM of Hayfin’s European CLO platform to more than €2.7bn across seven deals.

Hayfin has completed four European new issuances and two resets over the past 12 months, bringing total European CLO issuance in this period to more than €2.3bn. The strong performance of these previous deals helped drive the significant demand for Emerald VII, from the AAA tranche down to the equity, with tight pricing achieved on all classes of rated notes and an oversubscribed equity tranche.

Tim Flynn, Chief Executive Officer of Hayfin, said: “We are pleased to not only have achieved another successful pricing on our latest broadly syndicated European CLO, but also to have been able to significantly upsize the deal in response to market demand. The significant growth of our platform in the past 12 months is testament to the success and hard work of our team, which has established us with investors as a leading and trusted European CLO manager. As markets continue their recovery, we remain confident in growing our offering further.”

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