Macquarie Asset Management Prices Inaugural U.S. CLO
Macquarie Asset Management has priced its first U.S. Collateralized Loan Obligation (CLO), Market Street CLO Ltd. 1, marking a milestone for the firm’s expansion into the U.S. CLO market. The $10 billion leveraged credit platform will invest the new-issue CLO in a diversified pool of broadly syndicated loans.
The $200 billion Macquarie credit platform spans high yield, bank loans, and CLO debt across institutional and wealth clients. Market Street 1 priced with a senior AAA tranche at S+160 basis points. The CLO features a two-year non-call period ending July 20, 2027, a five-year reinvestment window through July 20, 2030, and final maturity on July 20, 2038. The transaction closed on May 29, 2025, with the first payment expected on October 20, 2025.
“We are pleased to issue our inaugural US CLO, with strong investor demand across the capital structure,” said Vivek Bommi, Head of Leveraged Credit at Macquarie Asset Management. “This first transaction in the US CLO market is the start of our goal of providing strong returns for our clients.”
Jefferies served as the sole arranger on the deal.