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Goldman Prices $404M PineBridge CLO
Goldman Sachs has priced a $403.75 million collateralized loan obligation for PineBridge Investments.
Goldman Sachshas priced a $403.75 million collateralized loan obligation (CLO) forPineBridge Investments,Reutersreports. The firm initially planned to price $301.5 million CLOs to be managed by the global asset manager.
The CLO, known as Galaxy XI, has been divided in seven tranches and has a legal final maturity of 12 years. The length of time that the CLO can actively trade in and out of loans - is four years.
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