Volta Finance gets $30 million to purchase debt tranches of CLOs

By Angela McDaniels

Tacoma, Wash., March 16 – Volta Finance Ltd. entered into a $30 million repurchase agreement with Societe Generale, according to a company news release.

Under the agreement, the company has the facility to borrow $30 million, which will be collateralized against some of the company’s dollar collateralized loan obligation assets.

The proceeds will principally be used to purchase debt tranches of CLOs.

The company plans to increase the amount available under similar repo transaction by a further $30 million in the future depending on market conditions.

Volta Finance is incorporated in Guernsey. Its investment objectives are to preserve capital and to provide a stable stream of income to its shareholders through dividends. AXA Investment Managers Paris is the investment manager.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.