3i Debt Management (3iDM) has closed Jamestown VII, a $510.5 million CLO, the firm said.
It is 3i’s second US CLO of 2015 and will focus on investing in dollar-denominated senior secured loans issued by sub-investment grade rated companies domiciled in America. The $322.5 million Class A1 notes, which are rated triple A by Moody’s and Fitch, have a coupon of Libor plus 155 basis points (bps).
