Morgan Stanley prices $610M reset of Voya CLO 2019-4

Morgan Stanley priced an upsized $610.4 million reset of Voya CLO 2019-4, reducing the primary triple-A liabilities by 19 basis points.

Deal details are as follows:

The CLO, which was the last of four deals issued in 2019 by Voya Alternative Asset Management LLC, is being reset with a new two-year non-call period and five-year reinvestment period.

Voya CLO 2019-4 was originally priced on Nov. 5, 2019, via Wells Fargo at a size of $603.4 million, and with a primary AAA coupon of L+134. The slight boost in the deal size is through the addition of a new $4 million Class X tranche and an upsized double-B tranche that now total $24 million, compared to the original $21 million Class E size.