Marble Point’s $508.5 Million second new issue collateralized loan obligation


Dechert LLP advised Marble Point CLO Management LLC in the close of Marble Point CLO XI, Marble Point’s second new issue collateralized loan obligation since mid-year 2017 and the firm’s sixth completed CLO transaction of the year, for US$508.5 million.

The Marble Point platform serves as collateral manager to seven CLOs with approximately US$3.3 billion in total assets under management.

The new CLO is also backed by a diversified portfolio of broadly syndicated senior secured loans and will have a two year non-call period and a five-year reinvestment period with a final maturity of 13 years.

The Dechert team included global finance partner Sean Solis (Picture) and associates Jon Burke and Jared Axelrod, as well as tax partner Andy Bloom and associate Jeff Kang.

Involved fees earner: Sean Solis – Dechert; Jon Burke – Dechert; Jared Axelrod – Dechert; Andrew Bloom – Dechert; Jeff Kang – Dechert;

Law Firms: Dechert;

Clients: Marble Point Credit Management LLC;

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Author: Ambrogio Visconti