The Carlyle Group said today it has closed a $415 million collateralized loan obligation, its sixth CLO of 2013.

The $415 million Carlyle Global Market Strategies CLO 2013-4 invests in corporate leveraged loans and high yield bonds. Like some of Carlyle’s recent U.S. deals, it includes a class of senior notes with a coupon that steps up after 18 months; market sources say this feature is tailored to an investor seeking short-term exposure.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.