Blackstone’s GSO Said to Price Largest Europe CLO This Year
This article is for subscribers only.
Blackstone Group LP, the world’s biggest private-equity firm, priced the largest collateralized loan obligation in Europe this year after it increased the deal by almost 50 percent to meet investor demand.
GSO Capital Partners LP, the firm’s credit investment unit, boosted the Richmond Park CLO Ltd. to 615.7 million euros ($840 million), according to two people with knowledge of the deal, who asked not to be identified because it’s private. CLOs pool high-yield loans and slice them into debt securities of varying risk and return.