Napier Park Global Capital has priced a €458m (£398.8m) collateralised loan obligation (CLO).
The structure of the Henley CLO X DAC ranges from AAA-rated Class A notes worth €279m to unrated subordinated notes totalling €36.2m.
Deutsche Bank Securities acted as placement agent for the CLO, while Deutsche Bank Aktiengesellschaft served as structuring and settlement agent.
Read more: Permira Credit prices Menlo CLO V at $428.1m
The CLO is scheduled to close on 2 June 2026, while the reinvestment period will run until 2 June 2031.
New York-headquartered Napier Park Global Capital, a First Eagle Investments company, is an alternative credit platform with approximately $39bn (£29.2bn) in assets under management.
The firm provides strategies across private and structured credit solutions globally, including direct lending and real asset leasing.
The news comes as investors increasingly turn to the European CLO market amid forecasts that the continent’s wider securitisation market could grow to €1.2tn over the next five years.
Read more: Kartesia launches European CLO platform with €140m capital
