Canyon Partners has closed Canyon Euro CLO 2026-1, a €400 million European collateralized loan obligation. The transaction brings the firm's European CLO platform assets under management to more than €2.1 billion and total global CLO platform AUM to approximately $12.6 billion. Arranged by BNP Paribas, the deal has a 1.5-year non-call period and a 4.7-year reinvestment period, achieving a weighted-average cost of debt of E+182 with the triple-A tranche pricing at E+130 basis points. This marks Canyon's first new issue European CLO of the year and its fifth active European CLO, with the majority of the equity funded by the recently closed Canyon CLO Fund IV, which raised over $400 million in commitments.
BNP Paribas SABNP Paribas arranged the CLO, earning fees and strengthening its role in structured finance.
Canyon Partners closed a €400M European CLO, expanding its AUM and demonstrating fundraising success.