Latest transaction represents 3rd CLO arranged by StormHarbour StormHarbour Securities LP (StormHarbour), the leading independent global markets and financial advisory firm, today announces that it has priced the notes in a $414 million collateralized loan obligation transaction (CLO), Staniford Street CLO. Feingold O’Keeffe Capital LLC is the manager of the CLO. StormHarbour acted as sole Placement Agent for the transaction.
The transaction represents the second CLO arranged and placed by StormHarbour for Feingold O’Keeffe Capital LLC, following the $512 million Longfellow Place CLO placed in January last year, which was the first CLO to be priced in 2013. StormHarbour also arranged the $614.5 million Venture XV CLO placed in November 2013. The anticipated closing date of the transaction is April 22, 2014. The closing is subject to customary closing conditions.
The deal is StormHarbour's 8th public markets transaction for a Potuguese issuer since 2012, and follows the latest €437.5 million Atlantes SME 3 securitisation in Portugal since the financial crisis.
Sohail Khan, Managing Principal of StormHarbour Securities said: "We are delighted to have supported Feingold O’Keefe Capital in accessing the securitisation market for the second time. This transaction, along with those placed last year, illustrates StormHarbour’s leading CLO structuring and distribution capabilities as well as the growing strength of demand from investors for the asset class."