T. Rowe Price Launches $403.6M CLO Issuance Debut

T. Rowe Price has moved into collateralized loan obligation management. The firm completed its first CLO transaction this year.

The deal is named ROWE CLO 2026-1 and totals $403.6 million. It is backed primarily by broadly syndicated first-lien loans.

Deal structure

Wells Fargo Securities arranged and structured the transaction. T. Rowe Price Associates will serve as the investment adviser for the vehicle.

Strategic significance

The transaction marks a shift from being a CLO tranche investor to acting as a CLO manager. The $403.6M issuance underscores the firm’s debut in CLO management and new issuance activity.

Leadership

Eric Veiel is chief investment officer and head of global investments at T. Rowe Price. His role aligns with the firm’s expanded presence in structured credit.

Reporting for Filmogaz.com. Further financial particulars were provided by the parties to the deal.