Antares has closed its latest collateralized loan obligation at $2.1 billion. Antares CLO 2017-I will invest in leveraged loans to mid-market private equity-backed companies.
CHICAGO–(BUSINESS WIRE)–Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares”) announced the closing of Antares CLO 2017-1, LTD., a $2.1 billion collateralized loan obligation (CLO). The CLO represents the largest CLO issued in the U.S. since 2006, and the third largest CLO in history.
Antares CLO 2017-1, LTD will invest in leveraged loans to middle market, private equity-backed companies.
“The successful close of our CLO is a testament to Antares’ track record of strong performance through market cycles and our ability to be highly selective in choosing the borrowers we support,” said Vivek Mathew, head of structured products for Antares. “We are very pleased with the reception we received from the market, and we look forward to future issuances.”
“This is a meaningful step in continuing to diversify our funding sources while providing investors access to middle market private debt, an increasingly attractive sector,” said Barry Giarraputo, CFO for Antares.
Investors in the CLO include banks, pension funds, insurance companies and asset managers.
About Antares Capital
Antares Capital is a credit manager and leading provider of financing solutions for middle-market, private equity-backed transactions. Offices are located in Atlanta, Chicago, Los Angeles, New York, Norwalk and Toronto. Antares issued more than $18 billion in financing during 2016, and was named 2015 Dealmakers of the Year and 2014 Lender of the Year by Mergers & Acquisitions. Visit us at www.antares.com or follow Antares Capital on Twitter at https://www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP.