Mizuho prices $406M Black Diamond CLO 2021-1

Mizuho Securities has priced the $406.17 million Black Diamond CLO 2021-1, the first CLO issued in two years by Black Diamond Capital LLC.

Deal terms are as follows:

Terms include a primary triple-A spread of L+125 for the $179 million Class A1A notes tranche.

The non-call ends Nov. 22, 2023, and the reinvestment period runs through Nov. 22, 2026. The stated maturity is Nov. 22, 2034.

The expected closing date is Nov. 22.

Black Diamond's previous CLO, Black Diamond CLO 2019-2, was priced in June 2019 also via Mizuho.