AlbaCore Euro CLO II DAC: 21 May 2021
A managed cash flow CLO via Barclays, with AlbaCore Capital LLP acting as the manager. At least 90% of the portfolio must consist of Secured Senior Loans or Senior Secured Bonds and up to 10% of the portfolio may consist of Unsecured Senior Obligations, Second-Lien Loans, High Yield Bonds and Mezzanine Obligations. It is expected to be 95% ramped as of the closing date.
The transaction features a non-call period until 12 November 2022, and a re-investment period ending 12 August 2025.
Deborah Cohen Malka, Managing Director at AlbaCore Capital Group, says: “We are delighted to have launched our second CLO following on from the success of the first, reinforcing our commitment to our CLO platform. Our CLO strategy is underpinned by AlbaCore’s active and fundamental approach to credit investing, with ESG risk screens integrated into every investment decision.”