Goldman Sachs is reportedly pricing the debt on a $400 million collateralized debt obligation for Fidelity Investments. The new deal, Bally Rock CDO I, has a collateral composition of 80% senior secured leveraged loans and 20% high yield bonds. An official at Fidelity would only say, "The company is in active solicitation mode with the deal." Goldman is underwriting the debt on the transaction, which will most likely price in the next week or so. Specifics regarding whether or not Fidelity has fully ramped the deal or is still in the process of buying assets could not be obtained by press time. Calls to Goldman officials were not returned by press time.
Goldman Shopping Deal For Fidelity