Hayfin Capital Management today announces the pricing of Hayfin Kingsland CLO VIII (“Kingsland VIII”), a $606.25-million Collateralised Loan Obligation (“CLO”). The structure will invest in a diversified portfolio of US senior-secured loans and bonds.
This is the first US CLO issued by Hayfin since its acquisition of Kingsland Capital Management, an independent US investment manager specialising in CLOs and leveraged credit, in December 2017, and the first issuance in the Kingsland series since 2014.
Tim Flynn, Chief Executive Officer at Hayfin, said: “The issuance of Kingsland VIII grows our presence in the North American market and demonstrates the broadening of our High Yield and Syndicated Loan offering to investors. We look forward to further building our offering in this space.”
Citi acted as arranger for the transaction.