Deutsche Bank Trust and Agency Services (TAS) appointed on recent US CLO, Madison Park Funding LIV, LLC
Deutsche Bank’s Trust and Agency Services (TAS) team provided trustee, collateral administration, and agency services to facilitate the issuance of Madison Park Funding LIV, LLC., a Collateralised Loan Obligation (CLO) managed by Credit Suisse Asset Management, LLC (CSAM). The CLO is comprised of five classes of senior notes totaling US$447m, four classes of mezzanine notes totaling US$98.3m, with a US$44.4m subordinated class, all due in 2035.
CSAM is one of the leading issuers in the CLO space. Deutsche Bank’s Global Credit Financing and Solutions business collaborated with TAS for CSAM’s Private Credit Launch in 2021. This led to multiple warehouse and CLO appointments for TAS in 2022 which allowed Deutsche Bank to demonstrate a high quality of service and opened the door to a strong partnership with CSAM.
Gary Vaughan, Corporate Trust Americas Head at Deutsche Bank, said: “We are delighted to have supported this successful transaction for CSAM and are excited to work with them.”