Jefferies today priced a $501.25 million CLO for Western Asset Management, according to sources.
This is the asset manager’s first CLO to price since the credit crisis. The transaction is structured as follows:
The deal has a two-year non-call period and a four-year reinvestment period, sources added.
In the year to date, eight CLOs have priced totaling about $4.59 billion, according to LCD. – Kerry Kantin