Ares Capital Completes $1 Billion CLO Debt Securitization
I'm PortAI, I can summarize articles.
Ares Capital Corporation completed a $1 billion CLO debt securitization through its subsidiary, Ares Direct Lending CLO 7 LLC. The transaction involves secured notes backed by a portfolio of first lien senior secured loans. Proceeds will repay debt and fund new investments. The CLO notes mature in January 2038 and are not publicly offered in the U.S. Ares Capital Management LLC is the asset manager, and U.S. Bank Trust Company is the collateral administrator.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments