BlackRock Sells First Magnetite CLO Since 2003

21 Aug 2012

BlackRock Financial Management raised a $415.75 million collateralized loan obligation via Bank of America; the first from its Magnetite shelf since 2003.

BlackRock Financial Management raised a $415.75 million collateralized loan obligation via Bank of America; the first from its Magnetite shelf since 2003. The $245.75 million in top-rate liabilities sold to investors at 150 basis points over LIBOR, at the tight end of the recent range for new-issue AAA-rated ...

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