Hayfin Capital Management today announces the pricing of Hayfin Kingsland CLO XI (“Kingsland XI”), a $403-million Collateralised Loan Obligation (“CLO”). The structure will invest in a diversified portfolio of US senior-secured loans and bonds.
Kingsland XI is the second new CLO issued by Hayfin in 2019, following the successful pricing of the $500.5-million Hayfin Kingsland CLO X in April, and takes Hayfin’s new US CLO issuance since February 2018 to over $1.5 billion. Hayfin currently manages four US CLOs, having also refinanced Kingsland CLO VI in April 2018 as the $475.5-million Hayfin Kingsland CLO IX.
Tim Flynn, Chief Executive Officer at Hayfin, said: “We are pleased to have further grown our North American CLO business through two new CLO issuances in 2019. These transactions reflect Hayfin’s continued development across all the asset classes in which we invest and enhance our position as a leading alternative asset manager in North America as well as Europe.”
JP Morgan acted as arranger for the Kingsland XI transaction.