According to PitchBook LCD, PGIM announced yesterday that it is assessing the optional redemption of Dryden 29 Euro CLO 2013. The deal was originally issued in December 2013, completed a partial refinancing in January 2017, and underwent a reset in January 2018. Its reinvestment period ended in July 2022, approximately three years ago. Since then, the AAA tranche — which carried a spread of 75 bps over EURIBOR — has been fully paid down. As of 30 June 2025, the AA tranche had a remaining factor of 91%.
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