CVC Credit has priced Apidos LVIII at the tight end of the market, valuing the new $550m collateralised loan obligation. The deal extends a busy year of issuance for the credit arm of buyout group CVC. Investors were well-received, with Bank of America acting as lead arranger. Apidos LVIII features a five-year reinvestment period and a two-year non-call period. The pricing reflects CVC's track record, which includes issuing CLOs for two decades. With $36.8bn in liquid credit across over 70 active funds and a team of 40 investment professionals operating across Europe and the US, the firm leverages its established expertise to support such transactions.

The full CLO structure provides flexibility for borrowers while offering investors structured returns. CVC's extensive experience in credit financing positions it well for ongoing CLO issuances, building on its proven history of successful vehicle creation.