Hayfin issues €403.8m Hayfin Emerald CLO VI

Hayfin today announces the pricing of Hayfin Emerald CLO VI (“Emerald VI”), a €403.8 million Collateralised Loan Obligation (“CLO”). The transaction extends Hayfin’s recent track record of European CLO issuance activity, following the reset of the €422m Hayfin Emerald I CLO in February.

Hayfin has successfully developed its European CLO platform over the past nine months against a backdrop of volatile market conditions. This latest transaction marks the firm’s third new-issue deal since the onset of the COVID-19 pandemic and brings Hayfin’s total European CLO issuance in this period to over €1.5 billion. The strong performance of its previous European CLOs drove high investor demand for Emerald VI, allowing Hayfin to pre-place the structure’s equity tranche. The deal is Hayfin’s sixth European CLO backed by broadly syndicated loans.

Tim Flynn, Chief Executive Officer of Hayfin, said: “We’re pleased to have priced our sixth European broadly syndicated CLO. The investor demand for Emerald VI reflects our trusted status as one of Europe’s leading CLO managers. As market conditions become increasingly favourable, we are well placed to continue growing our platform.”

Goldman Sachs acted as arranger for the transaction.


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