The Harvest CLO XXXII DAC has been priced at €450m, according to a deal notice from Deutsche Bank.
The CLO is managed by Investcorp Credit Management, which is also listed as the retention holder. Deutsche Bank acted as the sole arranger on the transaction.
Read more: Canyon closes European CLO at €400m
The refinancing covers five classes of notes, ranging from AAA-rated Class A notes to BB-rated Class E notes. The largest tranche was the €306.5m Class A notes, which priced at three-month Euribor plus 1.21 percentage points.
The transaction will close on 3 July 2026 and the refinanced notes will have a non-call period until 3 October 2027. The reinvestment period is due to end on 27 December 2028, while the legal final maturity is 25 July 2037.
Read more: M&G launches European CLO ETF
