ACA Enters Into Letter Of Intent To Sell CLO, CDO Businesses

15 Feb 2008

ACA Financial Guaranty Corp, a subsidiary of ACA Capital, announced last week it entered into a letter of intent with Resource Financial Fund Management, a wholly-owned subsidiary of Resource America, to sell its U.S. collateralized loan obligation business.

ACA Financial Guaranty Corp, a subsidiary of ACA Capital, announced last week it entered into a letter of intent with Resource Financial Fund Management, a wholly-owned subsidiary of Resource America, to sell its U.S. collateralized loan obligation business. The actual terms of the transaction are unclear. Resource America ...

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