St Paul's CLO VIII: 26 December 2017

Asset manager ICM (via arranger Merrill Lynch Int’l) bring another St. Paul's CLO (VIII) to market. Again, as per previous deals, it is a managed cash flow CLO. ICM will direct the selection, acquisition and disposition of collateral on behalf of the Issuer and may engage in trading activity, including discretionary trading, during the transaction's four-year reinvestment period.

Eligibility criteria (includes): at least 90% of the portfolio must consist of senior secured loans and senior secured bonds; up to 10% of the portfolio may consist of unsecured obligations, second-lien loans, mezzanine loans and high yield bonds.