Credit Suisse prices $509M Neuberger Berman Loan Advisers CLO 40

Credit Suisse on Jan. 27 priced the $508.7 million Neuberger Berman Loan Advisers CLO 40 for Neuberger Berman Loan Advisers CLO II LLC.

Details are as follows:

The deal will close on March 10, with the non-call period ending March 10, 2022, and the reinvestment period on April 16, 2024.

The manager issued four collateralized loan obligations last year, the most recent being the $505.95 million Neuberger Berman Loan Advisers CLO 39, via Citi, in November. It has a weighted average cost of capital of 180.27 basis points.

This latest new issue takes the year-to-date deal count and volume to 13 for $6.4 billion, versus seven for $3.2 billion in the same year-ago period.