Sona Asset Management priced a €404 million transaction described as Europe’s first public BSL/private-credit hybrid CLO. The deal was 70% BSL and 30% middle-market private credit loans.
The week also included a €900 million Italian auto ABS from Societe Generale and a $876 million car-rental ABS from Hertz.
Structured-credit transactions
| Issuer or manager | Amount | Structure or note |
|---|---|---|
| Sona Asset Management | €404 million | Public BSL/private-credit hybrid CLO; 70% BSL and 30% middle-market private credit loans |
| Societe Generale | €900 million | Italian auto ABS |
| Hertz | $876 million | Car-rental ABS |
A hybrid public and private-credit structure
The Sona transaction combines public BSL exposure with middle-market private credit loans in one CLO. Its disclosed composition was 70% BSL and 30% middle-market private credit loans.
Related coverage: the 31 August DCM Insider weekly overview.
