Relatively new to the CLO scene, ICG Debt Advisors is preparing its second collateralized loan obligation, according to a presale report published by Moody’s Investors Service.

The $400 million deal, ICG US CLO 2014-2, will be backed by a portfolio of broadly syndicated corporate loans.  At least 90% of the portfolio must be made up of first-lien senior secured loans.  Approximately 80% of the pool is expected to be ramped at closing.

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.