Mariner brings debut CLO after Orix hires

By Will Caiger-Smith
08 Jan 2015

Mariner Investment Group kicked off US collateralized loan obligation issuance for 2015 on Thursday with its debut deal, a $502m transaction completed after hiring 13 members of its strategic partner Orix’s corporate credit team in November.

The deal, which has a static portfolio, closed on Thursday. Bank of America Merrill Lynch was arranger.

It is the first transaction to be issued off Mariner’s newly created CLO platform, which is co-led by David Martin and Erik Gunnerson. The pair were co-heads of the leveraged loan ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial