Macquarie Asset Management has announced the closing of Market Street CLO Ltd. 1, marking its first US Collateralized Loan Obligation (CLO) issuance. The new offering is set to invest in a pool of US broadly syndicated loans.
Vivek Bommi, Head of Leveraged Credit at Macquarie Asset Management, commented on the successful issuance: “We are pleased to issue our inaugural US CLO, with strong investor demand across the capital structure.” He added that this transaction marks the beginning of their goal to provide strong returns for clients.
The terms for Market Street 1 include a senior triple-A coupon of S+160 bps. The non-call period lasts until July 20, 2027, and there is a five-year reinvestment period through July 20, 2030. The maturity date is set for July 20, 2038. The deal closed on May 29, 2025, with an expected payment date on October 20, 2025.
Jefferies served as the arranger for this transaction.
Macquarie Asset Management oversees over $10 billion in Leveraged Credit assets and more than $200 billion across its Credit platform.