IFLR1000

Dryden 35 Euro CLO 2014

31/3/2015
CLO
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€ 442.6 million

$ 486.86 million

Completed

31/3/2015

Overview:

  • Dryden 35 Euro CLO 2014 (Dryden 35) has issued €442.6 million in notes.
  • Dryden 35 is the seventh all-European Dryden CLO, the portfolio of which is invested mainly in European leveraged bank loans and bonds.
  • Dryden 35 includes a minimum allocation to secured senior loans or secured senior bonds of 90%.
  • Goldman Sachs acted as arranger.
  • Deutsche Bank acted as trustee.
  • Pramerica Investment Management acted as the collateral manager.

Wai Yee Tsang - Journalist

Jurisdiction:

Netherlands

Deal type:

CLO

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Financial services

Firms:
A&O Shearman

Party: Deutsche Trustee Company (Trustee)

Baker McKenzie

Party: Goldman Sachs (Arranger)

Lawyer: Philippe Steffens

Milbank

Party: Pramerica Investment Management (Collateral Manager)

White & Case

Party: Goldman Sachs (Arranger)

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