Nomura prices $511M Regatta XXIV Funding Ltd. CLO

Nomura on Wednesday priced the $511.35 million Regatta XXIV Funding Ltd. CLO for Napier Park Global Capital (US) LP.

The deal is the second new-issue CLO print this month for Napier Park.

The transaction features two primary triple-A tranches with coupons of L+115, according to market sources.

Deal details are as follows:

The non-call period is through Dec. 30, 2023, and the reinvestment period ends Jan. 20, 2027.

The final stated maturity is Jan. 20, 2035.

Napier Park, which has issued four previous deals in 2021, priced its most recent deal, the $509.4 million Regatta XXIII Funding, on Nov. 5, also via Nomura.