Standard & Poor's issued a pre-sale report today on LCM I. The $295M CDO, a revolving pool of primarily senior secured loans, is managed by Lyon Capital Management and is the firm's first cash flow arbitrage CLO. The loans have a weighted average rating of 'BB-' and the deal is underwritten by Goldman Sachs and Credit Lyonnais Securities. Further information is available at Standardandpoors.com.
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