Ares Follows Carlyle’s Step-Up Strategy For New CLO

24 Jun 2013

Ares Management joined the new issue collateralized loan obligation pipeline Monday with a new $411.50 million trade, Ares XXVII, which is being brought to market by Goldman Sachs.

Ares Management joined the new issue collateralized loan obligation pipeline Monday with a new $411.50 million trade, Ares XXVII, which is being brought to market by Goldman Sachs. The trade is said to feature a top-rated tranche with a so-called step-up feature, which increases the interest paid to ...

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