CVC Credit, the $43 billion dedicated credit strategy of CVC, successfully priced Apidos XLVII (47), a $507 million (€471 million) collateralized loan obligation (CLO). BNP Paribas acted as the lead arranger.
CVC Credit provided financing solutions to support the add-on acquisitions of three businesses by Trilon Group, which is backed by Alpine Investors.
CVC Credit, the $41 billion global credit management business of CVC, priced Apidos XLVI (46) a $504 million collateralized loan obligation (CLO). Societe Generale acted as lead arranger.
CVC Credit closed CVC CLO Equity III at its hard cap with $800 million of commitments. Across its period of deployment, this equity fund is intended to support more than $10 billion of global CLO issuance for CVC Credit’s performing credit platform.
CVC Credit provided junior loan facilities to support the refinancing of Optiv, a U.S. cybersecurity consultancy and managed security services that is controlled by KKR.
CVC Credit priced Apidos XLV, a new issue collateralized loan obligation vehicle totalling $500 million. Bank of America served as lead arranger.
CVC Credit priced Apidos XLIII (43), a collateralized loan obligation fund totalling $368.4 million, arranged by Deutsche Bank.
CVC Credit priced Apidos XLII (Apidos 42), a collateralized loan obligation (CLO) fund totaling C$550 million ($405.5 million) and arranged by Barclays.
CVC Credit priced Apidos XXXIX, a collateralized loan obligation fund totaling approximately $508 million and arranged by Societe Generale. This is the first new issue CLO CVC Credit has priced globally this year.
CVC Credit priced Apidos XXXVIII, a collateralized loan obligation fund totaling $508 million and arranged by Bank of America. This is the seventh CLO fund CVC Credit has priced globally this year, with all funds holding an aggregate value of more than $3.5 billion.