Intermediate Capital readies €361 million St. Paul’s CLO V offering

By Cristal Cody

Tupelo, Miss., July 23 – Intermediate Capital Group plc intends to bring a €361 million European collateralized loan obligation deal, according to the company and a market source on Wednesday.

The St. Paul’s CLO V Ltd. transaction is expected to price within the next few weeks, the company said in its interim management statement.

J.P. Morgan Securities plc is the placement agent.

Intermediate Capital Group’s last European CLO deal was the €435.12 million St. Paul’s CLO IV Ltd. transaction priced on March 6.

The firm priced its second U.S. CLO deal on Friday when it brought the $417 million ICG US CLO 2014-2, Ltd./ICG US CLO 2014-2 LLC offering.

Intermediate Capital Group is a London-based investment firm.

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