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Western Asset Management prices $501M CLO via Jefferies

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

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