Blackstone and its credit unit GSO Capital Partners have priced a $400 million collateralized loan obligation (CLO), Reuters reports. The GSO Riverside Park CLO will refinance a product the firm had launched in 2008.
The new CLO includes a $266 million Aaa/AAA tranche, a $32 million AA tranche and a $36 million A tranche. The size of the 2008 CLO was $500 million and $100 million was returned to equity holders as dividend.
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