Penta CLO 7 DAC: 17 March 2020
The transaction is a European cash flow CLO securitisation of mainly euro-denominated leveraged loans and bonds, and will be managed by Partners Group (UK) Management. The deal will feature a 4.5 year reinvestment period.
By the closing date it is expected that the issuer will own approximately 80% of the target effective date portfolio, and there will be a 6 month ramp-up period.