Lloyds, ICG close managed cashflow CLO

30 Jan 2009

Lloyds TSB has closed a Eu300m cash CLO, Recovery Finance Funding, managed by Intermediate Capital Managers, Intermediate Capital Group’s fund management company.

The deal has low leverage, with the two triple-A pieces split into Eu45m multi currency revolver, class A1-R, with drawings permitted in euros and sterling, and ...

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