J.P. Morgan prices upsized $457M Cedar Funding XII CLO reset

J.P. Morgan on Friday priced an upsized $457.1 million reset of Cedar Funding XII CLO, according to market sources.

The deal, managed by Aegon USA Investment Management, was originally issued at $357.1 million in September 2020.

Deal details are as follows:

The reset extends the non-call period through Oct. 25, 2023, and the reinvestment period through Oct. 25, 2026.

The $279 million class A-1-R spread is L+113 basis points.