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RESET OF LCM XVIII LIMITED PARTNERSHIP

01 May 2018

NEW YORK, May 1, 2018 – LCM Asset Management LLC announces the $618.42 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 Standard & Poor’s Rating Services and Fitch Ratings Inc., respectively, and bear interest at three-month LIBOR plus 1.02%.

The CLO, called LCM XVIII Limited Partnership, includes:

  • A $3.1 million AAA (sf) rated Class X tranche with a coupon of 60 basis points over Libor;
  • A $351.35 million AAA (sf) rated Class A-1R tranche with a coupon of 102 basis points over Libor;
  • A $32.5 million AAA (sf) rated Class A-2R tranche with a coupon of 122 basis points over Libor;
  • A $64.95 million AA (sf) rated Class B-R tranche with a coupon of 160 basis points over Libor;
  • A $38.35 million A (sf) rated Class C-R tranche with a coupon of 185 basis points over Libor;
  • A $32.5 million BBB- (sf) rated Class D-R tranche with coupon of 280 basis points over Libor;
  • A $23.6 million BB- (sf) rated Class E-R tranche with coupon of 595 basis points over Libor;
  • A $72.07 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 (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, private equity, infrastructure and TFG Asset Management, a diversified alternative asset management business. Where appropriate, 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