Apollo Credit Management prepares to bring dollar-denominated CLO

By Cristal Cody

Tupelo, Miss., Jan. 5 – Apollo Credit Management (CLO) LLC plans to bring a U.S. dollar-denominated collateralized loan obligation deal, a source said on Monday.

In 2014, Apollo Credit Management priced two European CLOs and two dollar-denominated CLOs, including the $1.54 billion ALM XIV, Ltd. CLO transaction on June 6 and the $563 million ALM XI, Ltd./ALM XI, LLC offering on July 31.

The New York City-based subsidiary of Apollo Global Management, LLC, brought four CLO deals in 2013.

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