Canyon Euro CLO 2023-1 DAC: 15 May 2024

Actively managed by Canyon CLO Advisors LP, this CLO is mainly a securitisation of Senior Secured Obligations (at least 90%) with the balance being made up of Senior Unsecured, Mezzanine, Second-Lien Loans and High-Yield Bonds.

Canyon Euro CLO 2023-1 is the largest CLO to clear the European market since November 2017 and the sixth largest European deal ever. This is the firm’s second European CLO since its debut in the market in 2023 and brings Canyon’s European CLO AUM to approximately €1 billion.

The transaction features a reinvestment period of about 5.2 years.