Citi prices $704M Palmer Square Loan Funding 2021-2 CLO

Citi today priced the $704.21 million Palmer Square Loan Funding 2021-2 CLO for Palmer Square Capital Management LLC.

Details are as follows:

The static deal will close April 20 and the non-call period ends April 20, 2022.

The transaction includes environmental, social and governance, or ESG, eligibility criteria.

The manager was last in the new-issue market in February with the $482.1 million Palmer Square CLO 2021-1, via Morgan Stanley. That deal has a five-year reinvestment period. The manager’s last static CLO was in January, namely the $401.6 million Palmer Square Loan Funding 2021-1, via Citi, with the triple-As paying L+90 bps.