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May 2, 2012

RLPC: Aegon prices upsized $355.4M CLO

NEW YORK, May 2 (Reuters) – Citigroup has priced a $355.4
million collateralized loan obligation (CLO) for Aegon USA
Investment Management, sources told Thomson Reuters
LPC. The deal was upsized from $302.5 million at launch.

The CLO, which is called Cedar Funding Ltd, now includes a
$227.5 million AAA tranche priced at a coupon of 130bp over
Libor and a DM of 135bp over Libor; a $39.65 million AA tranche
priced at a coupon of 250bp over Libor and a DM of 260bp over
Libor; a $24.5 million A tranche priced at a coupon of 300bp
over Libor and a DM of 440bp over Libor; a $15.75 million BBB
tranche, which was retained by the manager and priced at a
coupon of 400bp over Libor; a $13.3 million BB tranche, which
was retained and priced at a coupon of 600bp over Libor; and a
$34.7 million equity tranche.

Apr 30, 2012

RLPC: Golub prices $411.36M CLO

NEW YORK, April 30 (Reuters) – Citigroup has priced a
$411.36 million collateralized loan obligation (CLO) for Golub
Capital Partners, sources told Thomson Reuters LPC.

The CLO, which is called Golub Capital Partners CLO 11 Ltd,
includes a $257 million Aaa/AAA tranche priced at par to yield
135bp over Libor; a $35.5 million AA tranche priced at a coupon
of 225bp over Libor and a DM of 280bp over Libor; a $31 million
A tranche priced at a coupon of 300bp over Libor and a DM of
435bp over Libor; a $21 million BBB tranche priced at a coupon
of 500bp over Libor and a DM of 650bp over Libor; a $21 million
BB tranche, which was not offered; and a $45.86 million equity
tranche, which was not offered.

Apr 25, 2012

RLPC: Aegon launches $302.5M CLO

NEW YORK, April 25 (Reuters) – Citigroup has launched a
$302.5 million collateralized loan obligation (CLO) for Aegon
USA Investment Management, sources told Thomson
Reuters LPC.

The CLO, which is called Cedar Funding Ltd, includes a $195
million AAA tranche; a $34 million AA tranche; a $21 million A
tranche; a $13.5 million BBB tranche; a $11.4 million BB
tranche; and a $27.6 million equity tranche.

Apr 25, 2012

RLPC: Oak Hill upsizes CLO for 2nd time to $673.7M

NEW YORK, April 25 (Reuters) – Oak Hill Advisors
has upsized for the second time its collateralized loan
obligation (CLO), sources told Thomson Reuters LPC.

The deal is now $673.7 million, up from $621.8 million. At
launch, the deal was $516.1 million.

Apr 25, 2012

RLPC: Attachmate readies $1.5B recap loan

NEW YORK, April 25 (Reuters) – Credit Suisse is launching at
9:30 a.m. Thursday a $1.5 billion recap loan for Attachmate
, sources told Thomson Reuters LPC.

The deal includes a $1.1 billion, six-year first-lien term
loan and a $400 million, seven-year second-lien term loan.
Price talk on the first-lien loan is 525bp over Libor with a 1.5
percent floor and a 99 original issue discount (OID). The
first-lien loan also has 101 call protection.

Apr 20, 2012

RLPC: Carlyle markets second CLO of 2012

NEW YORK, April 20 (Reuters) – Carlyle Investment Management
launched today its second collateralized loan obligation
(CLO) of this year, buyside sources told Thomson Reuters LPC.

The $512.6 million CLO is being marketed by JP Morgan.
The CLO, which is called Carlyle Global Market Strategies CLO
2012-2, includes a $320.75 million Aaa/AAA tranche; a $55
million AA tranche; a $39 million A tranche; a $24 million BBB
tranche; a $23 million BB tranche; and a $50.8 million equity
tranche.

Apr 19, 2012

Bausch & Lomb launches $3.48 billion credit

NEW YORK (Reuters) – Bausch and Lomb WPRISB.UL has set price talk on its $3.48 billion cross-border loan, which was launched today by Citigroup, sources told Thomson Reuters LPC.

The loan will refinance the company’s existing debt and will also support its acquisition of ISTA Pharmaceuticals (ISTA.O: Quote, Profile, Research, Stock Buzz).

Apr 18, 2012

RLPC: Emdeon firms loan repricing

NEW YORK, April 18 (Reuters) – Emdeon Inc is
close to wrapping up a repricing of its existing leveraged
buyout loan after upsizing an add-on term loan it has been
shopping around, sources told Thomson Reuters LPC.

The company has repriced its existing $1.221 billion term
loan, raised in October 2011, to 375bp over Libor with a 1.25
percent Libor floor. In October, the loan was priced at 550bp
over Libor with a 1.25 percent Libor floor.

Nov 23, 2011

JP Morgan leads jumbo loan for Samson buy

LONDON, Nov 23 (Reuters) – JP Morgan is leading the
financing backing the $7.2 billion acquisition of US oil and gas
group Samson Investment Co by a KKR-led group of investors,
sources told Thomson Reuters LPC on Wednesday.

The buyout is the second-largest global private equity
transaction of the year, after Blackstone Group’s $9.4 billion
agreement to buy nearly 600 shopping malls from Australia’s
Centro Properties.

Nov 16, 2011

Unifrax cuts rate on LBO loan

New York, Nov 16 (Reuters) – Unifrax has lowered the
interest rate on the loan backing its buyout by American
Securities following a strong oversubscription, buyside sources
said.

Unifrax is the fifth issuer in the past two weeks to execute
a downward price flex as leveraged loan market supply remains
well short of demand. The five deals that have cut pricing
account for $4.14 billion of institutional paper.