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CVC Cordatus Loan Fund XXVI DAC: 18 December 2022

A managed cash flow CLO, where at least 90% of the portfolio must consist of Senior Secured Obligations and up to 10% of the portfolio may consist of Senior Unsecured Obligations, Second-Lien Loans, Mezzanine Obligations and High Yield Bonds, and will be managed by CVC Credit Partners Investment Management Limited.

The portfolio is expected to be over 95% ramped as of the Closing Date and to comprise of predominantly corporate loans to obligors domiciled in Western Europe.

The transaction features a Non-Call Period until 15 January 2025, and a re-investment period which ends 15 January 2028.

Guillaume Tarneaud, Partner and Head of European Performing Credit at CVC Credit, said: "We are delighted to have priced Cordatus XXVI, our third new issue European CLO this year. The ability to still raise funds despite the challenging market conditions will allow us to opportunistically buy good assets at attractive levels."