Bank of America Merrill Lynch acted as the arranger for the CLO
Lieutenant Governor Todd Lamb, vice chairman of the CLO
board, commended Birdwell and agency staff for their achievement.
Often, the CLO
offers the highest-paid and most professional position available to a family member overseas.
Citigroup Global Markets acted as the arranger for the CLO
will be backed by a portfolio of primarily senior-secured leveraged loans and will have a four-year reinvestment period and a two-year non-call period.
Dean Fletcher, head of EMEA Corporate Trust, BNY Mellon, said, 'The European CLO
market has recovered this year, for the first time since the financial crisis.
represents the largest CLO
issued in the US since 2006, and the third largest CLO
2014 has been a good year for us, this is our fifth CLO
of the year and that demonstrates the strength of our platform both in Europe and in the US .
3bn in assets under management and expect to retain a leadership position in the CLO
market,' said Greg Stoeckle, head of Invesco's Bank Loan business.
trading banks have accounted for the vast majority of banks' CLO
investments in recent years, some smaller institutions are likely to grow CLO
holdings from a very low base as yields on fixed-income alternatives such as Treasuries and MBS remain near historical lows.
The degree of CE available to class A notes is below the average CE of recent 'AAAsf' CLO
issuances; however, cash flow modeling results are in line with other Fitch-rated 'AAAsf' CLO
M2 EQUITYBITES-May 8, 2017-Wellfleet Credit Partners closes 4th CLO