The collateralized loan obligation market shows no signs of slowing down as four deals totaling nearly $2.0 billion joined the new-issue pipeline so far this week, according to presale reports published by Moody’s Investors Service and Standard & Poor’s. 

Angelo, Gordon, & Co. is readying a $556.8 million transaction, Northwoods Capital XII, backed by a revolving pool consisting primarily of broadly syndicated senior secured loans.  As of August 4, 86.13% of the collateral pool has been identified.  S&P assigned a preliminary ‘AAA’ rating to the $376.2 million floating-rate class A notes.  The notes are being marketed at three-month Libor plus 150 basis points, benefiting from a subordination of 38.91%.  They mature in September 2026.

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