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8 July 2020

Spire Partners Closes Its Sixth European CLO

LONDON, 3 July 2020 – Spire Partners (“Spire”) announced the successful closing of its sixth European collateralised loan obligation (“CLO”), Aurium CLO VI, today.  The €217.0 million CLO, was arranged by BofA Securities (“BofA”), and the notes are listed on the Irish Stock Exchange (Euronext Dublin).  The collateral manager is Spire Management Limited.

Aurium CLO VI Designated Activity Company predominantly invests in senior secured, broadly syndicated non-investment grade credit, supporting corporates headquartered, or with significant operations, in Europe.  The vehicle has the ability to invest in inter alia leverage loans, floating rate notes and fixed rate high yield bonds.  Spire was advised by Sidley Austin, and BofA was advised by Allen & Overy.

Oliver Drummond Smith, Partner and one of Spire’s Portfolio Managers said: “We are delighted to announce the successful closing of our sixth CLO and the first since the onset of the COVID-19 crisis earlier this year.  We are grateful to our investors for their continued support in this challenging environment.  The fundraising sees our European CLO platform now total €2.2 billion AuM.”