CVC Credit, the fast-growing c.$60 billion (€51 billion) global credit management business of CVC, today announced it has successfully priced Apidos LVI (56), a new $550 million Collateralized Loan Obligation (CLO) vehicle. The transactions mark CVC’s first new issue and reset of 2026, having announced eight new issue CLOs across our transatlantic platform in 2025.
Apidos LVI priced inside market tights despite challenging market conditions and was already approximately 70% ramped at pricing. The CLO has a five-year reinvestment period and a two-year non-call period. BNP Paribas served as the lead arranger.
CVC Credit also recently priced the reset of Apidos XXXI, which was originally priced in Q2 2019. This was well received by investors and is our fourth Reset or Refinancing of 2026, having completed 25 across our CLO platform in 2025. CVC Credit continually focuses on active CLO management to optimise capital structures, which is critical for both value creation and preservation.
Completing our first new issue US CLO and reset of the year in a volatile market environment reflects the consistency of our platform and the strength of CVC’s global network.
Kevin O’Meara Managing Partner, Co-Head of CVC Global Liquid Credit and Head of US Liquid Credit
Kevin O’Meara, a Managing Partner, Co-Head of CVC Global Liquid Credit and Head of US Liquid Credit, said: “Completing our first new issue US CLO and reset of the year in a volatile market environment reflects the consistency of our platform and the strength of CVC’s global network. We appreciate the continued support of our investors and will remain disciplined as we deploy capital across both portfolios in the current market backdrop.”
CVC’s Liquid Credit business manages €31 billion in assets across more than 70 active funds, managed by a team of around 40 investment professionals in Europe and the US. CVC Credit has 20 years of experience as a successful CLO issuer, liquid credit and active portfolio management, with a proven track record of delivering attractive risk-adjusted performance through credit market cycles. Since inception, no CVC Credit CLO has ever missed a distribution to equity holders.