Carlyle Group is seeking a $510 million collateralized loan obligation to be arranged by Wells Fargo & Co. (WFC) and Mitsubishi UFJ Financial Group Inc., according to three people with knowledge of the deal.
The CLO may include a $320 million slice rated AAA by Standard & Poor’s, said the people, who declined to be identified because the terms are private.
CLOs are a type of collateralized debt obligation that pool high-yield, high-risk loans and slice them into securities of varying risk and return.
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