Shenkman Capital Management is in the market with its first collateralized loan obligation since the financial crisis.

The Slater Mill Loan Fund is an arbitrage, cash flow CLO that will be backed by $300 million of leveraged loans, according to a presale report by Fitch Ratings. The deal will have a three-year reinvestment period, scheduled to end in August 2015. It includes a $190 million A tranche that Fitch has provisionally assigned an ‘AAA’ rating.

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