Hayfin resets $406.45m Hayfin Kingsland XI CLO October 21st 2021 Hayfin announces the reset of Hayfin Kingsland XI CLO (“Kingsland XI”), a Collateralised Loan Obligation (“CLO”) that was first issued in June 2019. The $406.45m transaction marks the third deal that Hayfin US has brought to the market this year following the new-issue pricing of Hayfin US XIV CLO in August and a partial refinancing of Hayfin Kingsland X CLO in April. The new structure, which carries a five-year reinvestment period, will invest in a diversified portfolio of primarily US senior-secured loans. The reset attracted strong investor demand, leading to a refresh of the debt stack and a dropping of liability costs. At the same time, it embedded Environmental, Social & Governance (“ESG”) provisions in the CLO Indenture and enabled those at higher rates to re-commit. The successful completion follows a period of strong performance for the US High-Yield Credit business which manages six CLOs and has scaled its total assets under management (“AUM”) to c.$2.8 billion. The US platform sits alongside the firm’s growing European High-Yield & Syndicated Loans business, with both platforms recording top-quartile performance during 2021. Tim Flynn, Chief Executive Officer at Hayfin, said: “As global markets recover further, we have continued to see opportunities across our CLO platforms – both in the US and Europe. The conclusion of this latest reset speaks to the strength and expertise of our team which has continued to sustain strong investor demand for Hayfin’s CLO products.” For the second consecutive year, Hayfin’s US CLO performance has been recognized with a nomination for Best US Boutique CLO Manager in the 2021 Creditflux Awards. Goldman Sachs acted as arranger for this transaction. Hayfin Capital Management LLP One Eagle Place London, SW1Y 6AF United Kingdom Tel: +44 20 7074 2900 ABOUT HAYFIN STRATEGIES ESG TEAM CONTACT NEWS AND VIEWS Hayfin Capital Management LLP is authorised and regulated by the Financial Conduct Authority. Copyright © 2021 Hayfin. All rights reserved. Terms of Use Privacy Policy Legal Disclosures