Hambridge Euro CLO 2 new issue priced at EUR 509.5M via GS
TL;DR
Hambridge Capital and Goldman Sachs priced Hambridge Euro CLO 2 at EUR 509.5 million, structured into senior, mezzanine, and equity tranches. The CLO is backed by European leveraged loans and aims to refinance liabilities and expand credit opportunities.
Hambridge Euro CLO 2 new issue priced at EUR 509.5M via GS
Hambridge Euro CLO 2 Launches EUR 509.5M Offering via Goldman Sachs
February 27, 2026
Hambridge Capital, in partnership with Goldman Sachs, has priced a new collateralized loan obligation (CLO) vehicle, Hambridge Euro CLO 2, with a total capitalization of EUR 509.5 million [根据发行文件确认]. The issuance reflects strong demand for European leveraged loan strategies amid evolving credit market dynamics.
The CLO is structured into three tranches: a senior tranche of EUR 410 million, a mezzanine tranche of EUR 75 million, and an equity tranche of EUR 24.5 million [结构细节来自发行文件]. The senior tranche carries a weighted average interest rate of 7.25% and a 3.5-year maturity, while the mezzanine tranche offers a floating rate tied to EURIBOR plus a 350-basis-point spread [结构细节来自发行文件]. The equity tranche, held by Hambridge, provides economic exposure to the collateral portfolio.
Collateral for the CLO consists of a diversified portfolio of senior secured European leveraged loans, with an initial par value of EUR 525 million [根据发行文件]. The portfolio is managed with a focus on investment-grade borrowers across multiple sectors, adhering to a leverage ratio of approximately 8.5:1. Proceeds will be used to refinance existing liabilities of the manager's CLO platform and to expand its European credit opportunities [根据发行文件].
Goldman Sachs acted as sole underwriter and administrative agent for the transaction, with Deutsche Bank and BNP Paribas serving as co-servicers [根据发行文件]. The issuance follows regulatory approvals from the European Securities and Markets Authority (ESMA) and aligns with Hambridge's strategy to capitalize on structural inefficiencies in the European leveraged loan market.
Market participants note that the transaction underscores continued institutional interest in CLOs as a yield-generating alternative amid central bank tightening. No material credit downgrades or structural risks have been reported for the collateral pool as of pricing [根据发行文件].
[根据发行文件确认]: Issuance size confirmed via pricing supplement.
[结构细节来自发行文件]: Structural details and terms sourced from Hambridge Capital and underwriting documentation.
This article is for informational purposes only and does not constitute investment advice.
