MidOcean Credit Partners plans to issue its third collaterized loan obligation, according to a presale report published by Standard & Poor’s.  The $473.75 million deal trumps the first two transactions by more than $100 million.

The deal, MidOcean Credit CLO III, is backed by a revolving pool of primarily broadly syndicated senior loans.  As of yesterday, the issuer identified 85.63% of the portfolio’s collateral.

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