Citigroup Inc. is marketing Apidos Capital Management's new $395 million collateralized loan obligation, according to people familiar with the deal.
Processing Content
The deal, known as Apidos CLO VIII, is expected to include a $264.4 million piece rated AAA by Standard & Poor's, the people said.
Apidos Capital Management is a unit of the real estate investment trust Resource America. It manages approximately $5.8 billion of speculative-grade credit assets in CLOs, investment funds and separate accounts.
Resource Capital disclosed during a July conference call that it formed the CLO and began warehousing loans with the intention of bringing the deal to market in the fourth quarter.
