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RESET OF LCM XV LIMITED PARTNERSHIP

25 May 2017

NEW YORK, May 25, 2017 – LCM Asset Management LLC announces the $570.95 million refinancing and extension of a cash flow CLO backed by broadly syndicated senior secured loans and managed by LCM Asset Management LLC. The Class A notes are rated Aaa (sf) /AAA (sf) by Moody’s and Fitch Ratings Inc., respectively, and bear interest at three-month LIBOR plus 1.24%.

The CLO, called LCM XV Limited Partnership, includes:

A $2.5 million Aaa (sf) rated Class X tranche with a coupon of 90 basis points over Libor;
A $387.0 million Aaa (sf) rated Class A-R tranche with a coupon of 124 basis points over Libor;
A $63.0 million Aa2 (sf) rated Class B-R tranche with a coupon of 170 basis points over Libor;
A $42.0 million A2 (sf) rated Class C-R tranche with a coupon of 240 basis points over Libor;
A $33.0 million Baa3 (sf) rated Class D-R tranche with a coupon of 370 basis points over Libor;
A $27.0 million Ba3 (sf) rated Class E-R tranche with coupon of 650 basis points over Libor;
A $16.45 million equity tranche.

A $63.5 million equity tranche that was issued in the original deal issuance in 2004 remains in place. The transaction’s original reinvestment period, weighted-average life and stated maturity were all extended by approximately 5 years.

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 (Tetragon) and is a part of TFG Asset Management.

About Tetragon:

Tetragon is a closed-ended investment company that invests in a broad range of assets, including bank loans, real estate, equities, credit, convertible bonds and infrastructure and TFG Asset Management, a diversified alternative asset management business. Where sensible, through TFG Asset Management, Tetragon seeks to own all, or a portion, of asset management companies with which it invests in order to enhance the returns achieved on its capital. Tetragon’s investment objective is to generate distributable income and capital appreciation. It aims to provide stable returns to investors across various credit, equity, interest rate, inflation and real estate cycles. The company is traded on Euronext in Amsterdam N.V. and on the Specialist Fund Segment of the main market of the London Stock Exchange. For more information please visit the company’s website at www.tetragoninv.com.

For further information, please contact:

LCM Asset Management:
Chris D’Auria
Investor Relations
IR@lcmam.com

Press Inquiries:
Prosek Partners
Andy Merrill and Ryan FitzGibbon
+1 212 279 3115 ext. 216 and ext. 234
Pro-tetragon@prosek.com

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