Intermediate Capital Group plans €360 million St. Paul's European CLO

By Cristal Cody

Tupelo, Miss., Feb. 10 - Intermediate Capital Group plc is marketing a new €360 million collateralized loan obligation offering for the European market, according to an informed source.

The St. Paul's CLO IV Ltd. deal is expected to price late in the month, the source said.

Deutsche Bank AG, London Branch is the placement agent.

Intermediate Capital Managers, Ltd., a subsidiary of Intermediate Capital Group, will manage the CLO.

Intermediate Capital Group priced two European CLOs in 2013, including the €400 million St. Paul's CLO II Ltd. transaction in July and the €556.5 million St. Paul's CLO III Ltd. deal in November.

The investment firm is based in London.

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