PARK RIDGE, N.J., Dec. 19, 2019 /PRNewswire/
-- Seix Investment Advisors, an affiliate of Virtus
Investment Partners, Inc. (NASDAQ: VRTS) with $18.8 billion of fixed income assets under
management as of September 30, 2019,
announced the pricing of Mountain View CLO XV, a $406.4 million collateralized loan obligation
(CLO). The CLO is expected to close in the first quarter of
2020.
Mountain View CLO XV is a managed cash flow CLO whose issued
notes are collateralized primarily by broadly syndicated leveraged
loans. The CLO has a two-year non-call provision and a five-year
reinvestment period with a final maturity of 13 years. George K. Goudelias, managing director, head of
leveraged finance, is the portfolio manager and John Wu, managing director, structured capital
markets, managed the issuance of the CLO.
Seix, which launched its leveraged loan strategy in 2006,
manages eight CLOs with approximately $3.4
billion in assets in addition to Mountain View CLO
XV.
Goldman Sachs was the sole structuring and placement agent for
this transaction.
About Seix Investment Advisors
Seix Investment
Advisors is an investment management boutique and affiliated
manager of Virtus Investment Partners that has been focused
exclusively on managing leveraged finance and investment-grade
fixed income strategies since 1992. Seix seeks to generate
competitive absolute and relative risk-adjusted returns over the
full market cycle through a bottom-up focused, top-down aware
process. Seix employs multi-dimensional approaches based on strict
portfolio construction methodology, sell disciplines and trading
strategies with prudent risk management as a cornerstone. The firm
provides investment management services to a client base that
includes endowments, foundations, corporations, healthcare
organizations, public funds, insurance companies, and high net
worth individuals, in the US and abroad.
About Virtus Investment Partners
Virtus
Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
Virtus offers access to a variety of investment styles across
multiple disciplines to meet a wide array of investor needs, and
provides products and services through affiliated managers and
select subadvisers, each with a distinct investment style,
autonomous investment process, and individual brand. In addition to
Seix Investment Advisors, its affiliated managers include Ceredex
Value Advisors, Duff & Phelps Investment Management, Kayne
Anderson Rudnick Investment Management, Newfleet Asset Management,
Rampart Investment Management, Silvant Capital Management,
Sustainable Growth Advisers, and Virtus ETF Solutions. Additional
information is available at virtus.com.
The securities offered in the CLO have not been registered
under the Securities Act of 1933, as amended, or any state
securities laws, and may not be offered or sold in the United States absent registration or
pursuant to an exemption from registration under the Securities Act
and applicable state securities laws. This release does not
constitute an offer to sell or a solicitation of an offer to buy
any such securities.
Forward-Looking Information
This press release
contains statements that are, or may be considered to be,
forward-looking statements. All statements that are not historical
facts, including statements about our beliefs or expectations, are
"forward-looking statements" within the meaning of The Private
Securities Litigation Reform Act of 1995. These statements may be
identified by such forward-looking terminology as "expect,"
"estimate," "plan," "intend," "believe," "anticipate," "may,"
"will," "should," "could," "continue," "project," or similar
statements or variations of such terms. Our forward-looking
statements are based on a series of expectations, assumptions and
projections about our company, are not guarantees of future results
or performance, and involve substantial risks and uncertainty,
including assumptions and projections concerning our assets under
management, cash inflows and outflows, operating cash flows, our
ability to expand distribution and product offerings, and future
credit facilities, for all forward periods. All of our
forward-looking statements are as of the date of this release only.
The company can give no assurance that such expectations or
forward-looking statements will prove to be correct. Actual results
may differ materially
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SOURCE Seix Investment Advisors