Highbridge Principal Strategies has priced a $313.5 million CLO, according to a person familiar with the transaction.The deal, dubbed Highbridge Loan Management 2012-1, is the firm’s first CLO. It includes a $200 million tranche expected to be rated 'AAA' by Standard & Poor's and Moody’s Investors Service that was offered at Libor plus 151 basis points, according to this person.

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.