Bank of America Merrill Lynch has unveiled price guidance on a $410 million collateralized loan obligation (CLO), Reuters reports. The firm is marketing the CLO, called LCM IX, for LCM Asset Management.
The CLO comprises a $264 million class A tranche, a $38 million class B tranche, a $33 million class C tranche, a $20 million class D tranche, a $16 million class E tranche and a $39 million equity tranche. The loan may be priced in the first week of June.
Click here for the story from Reuters.