ICG to reset St Paul's CLO II via Goldman

Euro debt 230x150
By Tom Brown
04 Sep 2019

Goldman Sachs is arranging the reset for Intermediate Capital Managers’ €436.2m St Paul’s CLO II, taking the reins from Lloyds, which arranged the original deal in 2013.

The class "A-R" senior notes are being guided at around 75bp without a Euribor floor, and around 134bp with a floor accounted for. Tranches "X", "A-R" and "C-R" are listed as "call desk’ while tranches "B-R", "D-R", "E-R" and "F-R" are listed as "open".

The CLO has ...

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