CVC Credit, the global credit management business of CVC, today announced it has successfully priced Apidos LVII (57), a new $550m Collateralized Loan Obligation (CLO) vehicle. This transaction marks CVC Credit's third new issue CLO globally in 2026.
Apidos LVII was very well received by investors, with strong demand across the entire debt stack and pricing at near market tights for Tier 1 CLO managers. The CLO has a five-year reinvestment period and a two-year non-call period. Scotiabank served as lead arranger.
Kevin O'Meara, Managing Partner, Co-Head of CVC Global Liquid Credit and Head of US Liquid Credit, said: "The successful pricing of our third new issue CLO of the year reflects the continued strength of investor demand for CVC Credit's platform and the consistency of our investment approach. We are grateful for the ongoing support of our investors and remain focused on identifying attractive opportunities while maintaining our disciplined approach to portfolio construction and risk management."
CVC's Liquid Credit business manages $36bn (€31bn) 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.
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