CHICAGO--(BUSINESS WIRE)--Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares” or the “Company”) announced the closing of the reset of Antares CLO 2017-1, Ltd., originally a $2.1 billion CLO that was upsized to $2.3 billion as part of the transaction. The upsize brings the company’s total CLO assets under management to approximately $7.7 billion.
Antares CLO 2017-1, Ltd. invests in leveraged loans to middle market, private equity-backed companies. It is the largest CLO issued in the post-crisis era, according to market sources.
“We’re very pleased with the refinancing and extension of this large and strategic transaction,” said Seth Painter, managing director for Antares. “The execution demonstrates investor confidence in the Antares platform and their positive assessment of the portfolio’s performance to date. We’re proud to hold relationships with investors who can partner with Antares in meaningful size.”
Third-party investors in the CLO include banks, insurance companies and asset managers.
With more than $30 billion of capital under management and administration as of December 31, 2020, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2020, Antares issued approximately $14 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares’ world-class capital markets experts hold relationships with more than 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt. The company maintains offices in Atlanta, Chicago, Los Angeles, New York and Toronto. Visit Antares at www.antares.com or follow the company on LinkedIn at http://www.linkedin.com/company/antares-capital-lp. Antares Capital is a subsidiary of Antares Holdings LP, (collectively, “Antares”).