Lehman Brothers arranged a $600 million collateralized loan obligation for Ares Capital Management called Ares IX CLO. The underlying collateral was senior secured loans, second-lien loans and unsecured high yield. [On March 23, Lehman backed a new CLO for Ares, Ares VIR CLO. The fund is comprised of $625 million in floating-rate, fixed rate and subordinated notes.]
One Year Ago In The Credit Markets
