Deutsche Bank Said to Raise $362 Million American Capital CLO

Deutsche Bank AG (DBK) raised a $362.2 million collateralized loan obligation for American Capital Asset Management, a unit of American Capital Ltd. (ACAS), according to two people with knowledge of the deal.

The fund, ACAS CLO 2012-1, includes a $208.5 million slice rated AAA with a coupon of 152 basis points more than the London interbank offered rate, said the people, who asked not to be identified because the terms are private.

The CLO, which priced Aug. 3, will invest in broadly syndicated loans, one of the people said. The firm last raised a CLO in 2007, the person said.

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. A basis point is 0.01 percentage point.

A spokesman from American Capital didn’t return a telephone call seeking comment. Amanda Williams, a Deutsche Bank spokeswoman, declined to comment.

To contact the reporter on this story: Kristen Haunss in New York at khaunss@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net

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