Morgan Stanley prices €462M upsized reset of CVC Cordatus Loan Fund IV CLO

Morgan Stanley has priced the €461.7 million reset and upsize of the CVC Cordatus Loan Fund IV CLO for CVC Credit Partners.

Details are as follows:

The collateral manager is CVC Credit Partners Group Ltd., while the sub collateral manager is CVC Credit Partners Investment Management Ltd.

The deal, which is expected to settle on March 5, carries a non-call period ending June 5, 2022, and a reinvestment period ending Feb. 22, 2025. The legal final maturity is Feb. 22, 2034.

The original €400 million CLO priced in November 2014 and was refinanced in March 2017, prior to being reset in February 2019.