BNP Paribas prices €372M refinancing of Griffith Park CLO for Blackstone

BNP Paribas on March 5 priced the €371.55 million refinancing of the €442 million Griffith Park CLO for Blackstone.

Details are as follows:

As part of the refinancing, which is expected to close March 31, the original class B-1 and B-2 notes have been combined into one floating-rate tranche.

The weighted average life test date has been extended to Feb. 21, 2028, while the reinvestment period remains unchanged, ending May 21, 2023. The legal final maturity is Nov. 21, 2031.

Griffith Park CLO originally priced in July 2016 and was reset in 2018, with the bulk of the triple-As at E+96 basis points.