O'Melveny Represents PineBridge Investments, Galaxy XI CLO in US$400 Million CLO TransactionAugust 24, 2011
FOR IMMEDIATE RELEASE
Andrea Rodeschini Julie Fei
O’Melveny & Myers LLP O’Melveny & Myers LLP
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.
About O’Melveny & Myers LLP
With approximately 850 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession. For more information, please visit www.omm.com