GreensLedge prices $305M reset of Mount Logan Funding 2018-1

GreensLedge Capital Markets has priced a $305.2 million reset of the Mount Logan Funding 2018-1 CLO, according to market sources.

The Mount Logan CLO is a middle-market loan portfolio managed by Mount Logan Management LLC, which acquired the deal (formerly known as Garrison Funding 2018-1 LP) from Garrison Investment Management.

According to market sources, the triple-A spread from the original deal is L+165.

Deal details are as follows:

The non-call period has been extended approximately one year, through Dec. 14, 2022. The reinvestment period ends Jan. 22, 2025.

The expected closing date is Dec. 14.