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Weil Advises Apollo Global Management on the Largest U.S. CLO Transaction Since 2007

$1.54 billion ALM XIV is the largest broadly syndicated CLO issued in the U.S. in the last seven years

A Weil team advised Apollo Global Management, LLC (“Apollo”) in connection with the $1.54 billion ALM XIV collateralized loan obligation (“CLO”) transaction.  The ALM XIV transaction, which closed on July 15, 2014, is the largest U.S. CLO transaction since 2007.  Apollo Credit Management (CLO), LLC, a wholly-owned subsidiary of Apollo, is acting as the collateral manager of the CLO.

This follows Weil’s representation of Apollo in connection with the $710 million ALM X CLO transaction earlier this year.  Weil’s London office also represented Apollo Management International, an affiliate of Apollo, in connection with the €382,400,000 ALME Loan Funding II CLO transaction, which closed in early July.

The New York-based Weil team advising Apollo on the ALM XIV and ALM X transactions was led by Structured Finance and Derivatives partner Robert Chiperfield, and included Structured Finance and Derivatives associates Jay Park Jr. and Daniel Lee, New York Tax partner Larry Gelbfish and Tax associate Joey Juhn, and summer associate Hannah Geller.