Hayfin issues €410.8m Hayfin Emerald CLO III


Hayfin Capital Management today announces the pricing of Hayfin Emerald CLO III (“Emerald III”), a €410.8-million Collateralised Loan Obligation (“CLO”). Following the issuance of Emerald III, Hayfin’s total European CLO issuance over the past year is more than €1.2 billion.

The structure will invest in a diversified portfolio of European senior-secured loans and bonds. Emerald III is Hayfin’s third European CLO backed by broadly syndicated loans, following the issuance of the €412.8-million Hayfin Emerald CLO I in August 2018 and the €407.9-million Hayfin Emerald CLO II in April 2019.

Tim Flynn, Chief Executive Officer at Hayfin, said: “The issuance of Emerald III caps a successful 12 months for our High Yield and Syndicated Loans platform, in which we’ve significantly scaled our European CLO business. The issuance also reflects Hayfin’s development across all the asset classes in which we invest, helping to consolidate our position as a leading alternative asset manager.”

Citi acted as arranger for the transaction.

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Hayfin announces the closing of Ruby II CLO

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Hayfin is pleased to announce the closing of Hayfin Ruby II Luxembourg S.C.A., a €400m multi-currency collateralised loan obligation, investing primarily in senior-secured loans to European middle-market companies.

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