LONDON (Alliance News) - Blackstone/GSO Loan Financing Ltd Wednesday unveiled the pricing for the Sorrento Park CLO Ltd, with the collaterlised loan obligation increased in size following robust investor demand.
The closed fund said the EUR517 million CLO was priced at a discount margin of 130 basis points over 3-month Euribor. The size of the CLO was increased from EUR400 million on the back of strong investor demand, the fund said.
Blackstone/GSO Loan Financing shares were untraded on Wednesday, quoted at 1.0225 pence per share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Blackstone Loan (BGLF)