North Westerly CLO V B.V.: 20 August 2018

Official Press Release:
https://www.nibc.com/media/1912/news-release-pricing-north-westerly-v-bv.pdf

NIBC is pleased to announce the successful pricing and placing of North Westerly V B.V., a EUR 412.1 million collateralised loan obligation (CLO) via Morgan Stanley. The CLO was priced and placed with a syndicate of leading international institutional investors. NIBC Bank N.V. acts as a Collateral Manager for this actively managed CLO, which will invest in syndicated leveraged and corporate loans. The transaction was arranged and placed by Morgan Stanley. North Westerly V B.V. will be listed on Euronext Dublin.

This is the fifth CLO of the NIBC’s North Westerly platform. Since its inception, the platform’s evolution has reflected growth and development of the European institutional lending market. This CLO further builds upon NIBC’s entrepreneurial and inventive approach to growing its specialist franchise in today’s rapidly changing markets: the expansion of NIBC’s CLO business offers its investors access to the private loan asset class via publicly listed notes, whilst extending NIBC’s core leveraged lending expertise into asset management.