Feb 14, 2012
- Marissa Capodanno
Price Talk Out On AMMC CLO
American Money Management is in the market with a $400 million collateralized loan obligation with price talk in line with other similar deals to come to market in the last month, in the area of 148-150 basis points on the AAAs, market players say.
Early price talk is being bounced at 150 bps over LIBOR for the $261 million A class (expected ratings of Aaa/AAA from Moody’s Investors Service and Standard & Poor’s, respectively); at 300 bps over LIBOR for the $41 million B class (AA, S&P); at 425 bps for the $21.25 million C class (A, S&P); at 620 bps over LIBOR for the $15.5 million....