StormHarbour Securities LP today announces that it has priced the notes in a $512 million collateralized loan obligation transaction (CLO), Longfellow Place CLO. Feingold O’Keeffe Capital LLC is the manager of the CLO. StormHarbour acted as sole Placement Agent for the transaction.
The anticipated closing date of the transaction is February 7, 2013. The closing is subject to customary closing conditions.
The Longfellow Place CLO is the first CLO to price in 2013 and represents the first new issue CLO arranged and placed by StormHarbour.
Sohail Khan, Managing Principal of StormHarbour Securities said: “The new issue CLO business is an integral part of our strategy to harness our structuring and global distribution capabilities, both for managers that have done deals post crisis and for those that are looking to enter the market. We’re delighted to have supported Feingold O’Keefe Capital on its return to the CLO market and look forward to working with them on future engagements.”
Commenting on the transaction, Scott D’Orsi, Partner at Feingold O’Keeffe Capital said: “We remain very committed to the CLO space and are extremely pleased to see the strong demand from investors. StormHarbour’s product knowledge, deep pool of investors and global reach enabled the successful execution of the transaction. We’ve been impressed by the approach and commitment they’ve shown throughout the process.”