{"id":845024,"date":"2022-12-23T06:00:23","date_gmt":"2022-12-23T05:00:23","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/brightwood-capital-prices-426-million-middle-market-clo\/"},"modified":"2022-12-23T06:00:23","modified_gmt":"2022-12-23T05:00:23","slug":"brightwood-capital-prices-426-million-middle-market-clo","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/brightwood-capital-prices-426-million-middle-market-clo\/","title":{"rendered":"Brightwood Capital Prices $426 Million Middle Market CLO"},"content":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;Brightwood Capital Advisors, LLC, a private credit firm, today announced it has priced Brightwood Capital MM CLO 2020-1, Ltd. Reset, a $426 million collateralized loan obligation. This CLO represents the fourth CLO issued by the firm since 2019. The vehicle is backed by loans the firm has originated for Brightwood Capital Fund IV and is intended to provide that fund with non-recourse financing.\n<\/p>\n<p>\nBrightwood has indications for securities rated from AAA through BB from third party investors, including insurance companies, banks and asset managers. Brightwood Capital Fund IV will continue to hold 100% of the subordinated notes issued by the CLO. GreensLedge Capital Markets, LLC will serve as sole arranger and lead placement agent. Raymond James &amp; Associates and KeyBanc Capital Markets will serve as co-placement agents on the deal.\n<\/p>\n<p>\n&#8220;<!-- no quote -->We believe that the support from our new and existing investor base is a direct result of the success and hard work of the entire Brightwood team,\u201d said Arlene Shaw, Managing Director and Treasurer of Brightwood. \u201c<!-- no quote -->In particular, the sale of the BB rated securities is a testament to investor confidence in Brightwood, developed through our deep relationships. While the market is very challenging, the exceptional work by our arranger and co-placements agents has been instrumental in getting this deal done. We are very thankful for our partnership with GreensLedge, Raymond James and KeyBanc.\u201d\n<\/p>\n<p>\n&#8220;<!-- no quote -->We&#8217;re pleased to see a continuation of strong investor interest in our financing as the market becomes increasingly challenging,\u201d Sengal Selassie, Managing Partner and Chief Executive Officer of Brightwood added. \u201c<!-- no quote -->We believe this transaction speaks to the strength of our CLO platform and the success of the deal is a culmination of the hard work of the Brightwood team, the long-standing relationships that have been developed over 20+ years, and the incredible support we have had from investors.&#8221;\n<\/p>\n<p>\nAbout Brightwood\n<\/p>\n<p>\nBrightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology &amp; telecommunications, healthcare, business services, transportation &amp; logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.\n<\/p>\n<p>\nFounded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: <a target=\"_blank\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fbrightwoodlp.com%2F&amp;esheet=53127546&amp;newsitemid=20221222005497&amp;lan=en-US&amp;anchor=https%3A%2F%2Fbrightwoodlp.com%2F&amp;index=1&amp;md5=5433c52177312e94c7cd3d04a38bc526\" rel=\"noopener\">https:\/\/brightwoodlp.com\/<\/a>.\n<\/p>\n<p>Contacts <\/p>\n<p>\nMedia<br \/>\n<br \/>Brightwood Capital Advisors<br \/>\n<br \/>Ben Howard<br \/>\n<br \/><a target=\"_blank\" href=\"mailto:bhoward&#64;prosek&#46;co&#109;\" rel=\"noopener\">&#x62;&#104;o&#x77;&#97;r&#x64;&#x40;&#112;&#x72;&#x6f;&#115;e&#x6b;&#46;c&#x6f;&#x6d;<\/a><br \/>(914) 552-4281<\/p>\n<p>Investor<br \/>\n<br \/>Brightwood Capital Advisors<br \/>\n<br \/>Kristina Matthews<br \/>\n<br \/>Managing Director, Head of IR &amp; ESG<br \/>\n<br \/><a target=\"_blank\" href=\"&#109;&#x61;&#x69;l&#116;&#x6f;:&#109;&#x61;&#x74;&#116;&#x68;&#x65;w&#115;&#x40;b&#114;&#x69;&#x67;&#104;&#x74;&#x77;o&#111;&#x64;l&#112;&#x2e;&#x63;&#111;&#x6d;\" rel=\"noopener\">&#x6d;a&#x74;&#116;&#x68;&#101;&#x77;&#x73;&#64;&#x62;&#114;&#x69;&#103;&#x68;&#116;w&#x6f;&#111;&#x64;&#108;&#x70;&#46;c&#x6f;&#109;<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>NEW YORK&#8211;(BUSINESS WIRE)&#8211;Brightwood Capital Advisors, LLC, a private credit firm, today announced it has priced Brightwood Capital MM CLO 2020-1, Ltd. Reset, a $426 million collateralized loan obligation. This CLO represents the fourth CLO issued by the firm since 2019. The vehicle is backed by loans the firm has originated for Brightwood Capital Fund IV [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-845024","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Brightwood Capital Prices $426 Million Middle Market CLO - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/brightwood-capital-prices-426-million-middle-market-clo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brightwood Capital Prices $426 Million Middle Market CLO - BeBeez\" \/>\n<meta property=\"og:description\" content=\"NEW YORK&#8211;(BUSINESS WIRE)&#8211;Brightwood Capital Advisors, LLC, a private credit firm, today announced it has priced Brightwood Capital MM CLO 2020-1, Ltd. 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