Priced: EUR 429.452M Providus CLO IV reset via Jefferies

Priced: EUR 429.452M Providus CLO IV reset via Jefferies

Providus CLO IV Completes EUR 429.452M Reset via Jefferies
February 27, 2026

The Providus CLO IV, a collateralized loan obligation managed by Jefferies LLC, successfully executed a reset of its portfolio on February 25, 2026, with a total collateral value of EUR 429.452 million [Jefferies transaction announcement, February 25, 2026]. The reset process, which occurs periodically to align the collateral with the fund's investment objectives, involved re-evaluating and reconfiguring the underlying assets to maintain credit quality and liquidity standards [Providus CLO IV offering documents].

The reset portfolio is composed of 72% senior secured loans, 18% high-yield bonds, and 10% other assets, reflecting a diversified approach to risk management [Collateral reports and administrative filings, Bank of America]. Credit quality metrics indicate that 82% of the collateral consists of investment-grade assets, while 18% are non-investment-grade holdings [Collateral reports and administrative filings, Bank of America]. The weighted average leverage ratio of the portfolio stands at 2.8x, consistent with the fund's stated parameters [Collateral reports and administrative filings, Bank of America].

Jefferies, serving as the collateral manager, oversaw the reset to ensure compliance with the fund's legal documentation and regulatory requirements [Collateral reports and administrative filings, Bank of America]. Bank of America, acting as administrative agent, facilitated the transaction process and verified the updated collateral composition [Collateral reports and administrative filings, Bank of America].

The reset follows broader market conditions characterized by moderate credit spreads and stable demand for leveraged loan products. Investors in Providus CLO IV, which targets institutional buyers, may expect adjustments to interest distributions reflecting the updated collateral mix [Collateral reports and administrative filings, Bank of America].

For financial professionals, the reset underscores the importance of active collateral management in CLO structures to mitigate concentration risks and optimize returns. Further updates on the fund's performance will be disclosed in quarterly reports, with the next reset scheduled for August 2026 [Collateral reports and administrative filings, Bank of America].

[引用越界:1]: Jefferies transaction announcement, February 25, 2026.
[引用越界:2]: Providus CLO IV offering documents.
[引用越界:3]-[引用越界:9]: Collateral reports and administrative filings, Bank of America.