Apollo markets $423 million ALM XIX CLO offering

By Cristal Cody

Eureka Springs, Ark., April 28 – Apollo Credit Management (CLO) LLC is marketing a $423 million collateralized loan obligation deal, a source said on Thursday.

The ALM XIX, Ltd. transaction will price via Citigroup Global Markets Inc.

Apollo previously was in the market this year with a refinancing of an AAA-rated tranche in a vintage 2013 CLO deal.

Apollo Credit Management, a New York City-based subsidiary of Apollo Global Management, LLC, priced four new CLOs and refinanced two vintage CLOs in 2015.

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