O'Melveny Represents PineBridge Investments, Galaxy XI CLO in US$400 Million CLO Transaction

August 24, 2011





Andrea Rodeschini                                   Julie Fei

O’Melveny & Myers LLP                            O’Melveny & Myers LLP

212.326.2251                                           213.430.7792

arodeschini@omm.com                            jfei@omm.com



LOS ANGELES, CALIFORNIA ─  AUGUST 24, 2011 ─ O'Melveny & Myers LLP represented PineBridge Investments LLC as collateral manager and Galaxy XI CLO, Ltd. as issuer in the structuring and issuance of approximately US$400 million of notes in a collateralized loan obligation (CLO) transaction that closed on August 18, 2011. Goldman, Sachs & Co. acted as placement agent. The CLO notes are secured by a portfolio comprised primarily of senior secured loans purchased on the secondary market.

Los Angeles partner Deborah Festa led the representation for O'Melveny & Myers LLP.

PineBridge Investments is an independent multi-product investment adviser and manages US$77.9 billion in assets as of June 30, 2011, for institutional and individual clients across an extensive platform of listed equity, fixed income, private equity, and hedge capabilities. 

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