IFLR1000

Avoca CLO XIV €516.1 million CLO

1/6/2015
CLO
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€ 516.1 million

$ 563.695 million

Completed

1/6/2015

Overview:

  • Avoca CLO XIV has issued €516 million in notes.
  • The notes are backed by portfolio of senior loans, senior secured bonds, corporate rescue loans, mezzanine obligations and high yield bonds and will be admitted on the Irish Stock Exchange.
  • KKR Credit is acting as arranger.
  • Morgan Stanley is acting as initial purchaser and placement agent.

Sam Duke - Editor

Jurisdiction:

United Kingdom

Deal type:

CLO

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Financial services

Firms:
Ashurst

Party: Morgan Stanley (Initial purchaser, Placing agent)

Milbank

Party: Kohlberg Kravis Roberts & Co (KKR) (Manager)

Lawyer: James Warbey

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