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LCM Launches LCM XVIII CLO

31 Mar 2015

NEW YORK, March 31, 2015 – LCM Asset Management LLC announces the launch of a $609.63 million collateralized loan obligation (CLO). The most senior notes are rated AAA (sf) /AAA (sf) by Standard & Poor’s Ratings Services and Fitch Ratings Inc., respectively, and bear interest at three-month LIBOR plus 1.51%.

The CLO, called LCM XVIII Limited Partnership, includes:

A $349.75 million AAA (sf) rated Class A tranche with a coupon of 151 basis points over Libor;
A $20 million AAA (sf) rated Class A tranche with a coupon of 335 basis points;
A $68.5 million AA (sf) rated Class B1 tranche with a coupon of 230 basis points over Libor;
A $20 million AA (sf) rated Class B2 tranche with a fixed coupon of 3.23%;
A $29.75 million A (sf) rated Class C1 tranche with a coupon of 315 basis points over Libor;
A $7 million A (sf) rated Class C2 tranche with a fixed coupon of 4.08%;
A $30 million BBB (sf) rated Class D tranche with a coupon of 380 basis points over Libor;
A $27 million BB- (sf) rated Class E tranche with a coupon of 535 basis points over Libor; and
A $57.63 million equity tranche.

About LCM

LCM Asset Management LLC (“LCM”) was established in 2001 to manage client funds through investment funds, accounts or vehicles, which principally include portfolios of senior secured bank loans. LCM is staffed with senior professionals with significant experience in leveraged lending as well as relevant industry specialties. LCM currently serves and may in the future serve as collateral manager or manager of various collateralized loan obligation vehicles, funds, managed accounts or other investment vehicles. The company’s headquarters are in New York. LCM is owned by Tetragon Financial Group Limited (“TFG”) and is a part of TFG’s asset management platform, TFG Asset Management.

About TFG and TFG Asset Management:

Tetragon Financial Group Limited (TFG) is a Guernsey company traded on Euronext Amsterdam N.V. under the ticker symbol “TFG” that aims to provide stable returns to investors across various credit, equity, interest rate, inflation, and real estate cycles. The Company maintains an asset-management platform and an investment portfolio. Both business segments cover a broad range of assets including bank loans, real estate, equities, credit, convertible bonds and infrastructure.

TFG Asset Management currently consists of LCM, the GreenOak Real Estate joint venture, Polygon Global Partners, Equitix and Hawke’s Point. TFG Asset Management L.P. is registered as an investment adviser under the U.S. Investment Advisers Act of 1940 and two of its investment management entities, Polygon Global Partners LLP and Equitix Investment Management Ltd., are authorised and regulated by the United Kingdom Financial Conduct Authority.

For further information, please contact:

LCM Asset Management:
Investor Relations
IR@lcmam.com

Press Inquiries:
Sard Verbinnen & Co.
+1 212 687 8080
tetragon-svc@sardverb.com

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