JPM prices $850M Madison Park Funding XLVIII CLO for CSAM

J.P. Morgan on Jan. 19 priced the $849.75 million Madison Park Funding XLVIII for Credit Suisse Asset Management LLC.

Details are as follows:

The new issue settles Feb. 26, with the non-call period ending on Feb. 26, 2022, and the reinvestment period ending on Feb. 26, 2024.

The manager most recently in October 2020 placed the $399.06 million Madison Park Funding XLVII via Mitsubishi UFJ, with a weighted average cost of capital of 191.6 basis points. The manager issued three deals in 2020, its lowest calendar deal count since 2013 when it also issued three.