Apollo subsidiary Redding Ridge prices new CLO
Apollo Global Management subsidiary Redding Ridge has priced a $501.5m CLO.
The deal, arranged by BNP Paribas, comprises a $300m senior tranche rated triple-A by S&P Global Ratings and Moody’s. The manager sold the notes at 123bp over three month Libor. The junior most class ‘D’ bonds were sold at 650bp over. (For full pricing, see GlobalCapital’s US Priced ...
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