Hayfin resets €422m Hayfin Emerald I CLO

Hayfin today announces the reset of Hayfin Emerald I CLO (“Emerald I”), a Collateralised Loan Obligation (“CLO”) which was first issued in a €412.8m deal in August 2018 and has now been upsized to €422.5m. The transaction marks Hayfin’s first reset within the Emerald CLO series and follows on from the printing of two new-issue European CLOs, Emerald IV and Emerald V, in H2 2020.

The reset is a response to favourable market conditions for top-tier European CLO managers and has been characterised by strong demand from investors throughout the capital stack, reflecting the firm’s proven track record of successful credit selection and portfolio construction. The structure will continue to invest in a diversified portfolio of European senior-secured loans and bonds.

Tim Flynn, Chief Executive Officer of Hayfin, said: “The reset of Emerald I underlines the strength of Hayfin’s established European CLO business. The robust investor demand and tightened pricing that we achieved are testament to our status as one of Europe’s leading CLO managers.”


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