Having issued in excess of €50bn of debt CVC has a 33 year market presence that provides valuable research and superior access to assets

Having issued in excess of €50bn of debt CVC has a 33 year market presence that provides valuable research and superior access to assets

Having issued in excess of €50bn of debt CVC has a 33 year market presence that provides valuable research and superior access to assets

Having issued in excess of €50bn of debt CVC has a 33 year market presence that provides valuable research and superior access to assets

Having issued in excess of €50bn of debt CVC has a 33 year market presence that provides valuable research and superior access to assets

Having issued in excess of €50bn of debt CVC has a 33 year market presence that provides valuable research and superior access to assets

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Date:Friday 10 February 2017
Title:CVC Credit Partners prices CVC Cordatus Loan Fund VIII

CVC Credit Partners prices CVC Cordatus Loan Fund VIII

CVC Credit Partners has priced its CVC Cordatus Loan Fund VIII at €415.6 million via Goldman Sachs. The CLO received strong investor demand across 33 investors, including 5 new investors to CVC Credit Partners' European platform, with the tightest AAA, A and BBB pricing for a European CLO since the financial crisis.

CVC Credit Partners European CLO Management will hold subordinated notes equal to at least 5% of the net economic interest in the CLO. The sponsor-manager has been set up to allow CVC to raise dual-compliant risk-retention capital from third parties. The transaction can invest in senior secured first-lien bank loans, FRNs, and senior secured bonds, among other debt obligations.

The settlement will occur on 30th March 2017 and the first payment date is 23rd October 2017.