Niagara falls: CLO spreads come down in Blackstone refi to highlight 2019 v 2021 basis

By Sayed Kadiri

Monday, June 14, 2021

Blackstone Credit has refinanced one of its 2019 US CLOs. The CLO, Niagara Park CLO, has three years of reinvestment remaining and while the seniors priced inside the five-year Point Au Roche (100bp to 108bp), mezzanine tranches were wider despite the refi's shorter tenor.

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TAGS: CLO BNP Paribas Pricing Blackstone Primary market North America

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