Ogier's Structured Finance specialists advise a leading bank on a circa US$200 million CLO transaction

Ogier's Structured Finance team in the Cayman Islands has provided combined legal and administrative services to a leading bank in connection with a circa US$200 million synthetic CLO transaction. 

The issuance of portfolio credit-linked notes formed part of a structure secured over specified transaction assets with limited recourse obligations. 

Ogier's structured finance lawyers advised on the Cayman law aspects of the financing, including those relating to the establishment of the issuer. The legal team was led by partner Mark Santangeli with support from senior associate Rachel Adams. 

Ogier's Corporate and Fiduciary services division, Ogier Global, provided corporate administration services to the issuer including director, trust and governance services.

Mark said: "This transaction demonstrates the expertise of our growing Structured Finance practice in handling complex synthetic CLO transactions, facilitating credit risk transfer for leading financial institutions. 

"With our combined legal, corporate and fiduciary structured finance expertise, we were able to see this transaction to a close in what was a very tight timescale." 

Ogier’s Structured Finance team combines legal, administration, listing, regulatory, tax and agency services across the full deal lifecycle, supporting clients from structuring through to ongoing management.

Find out more about Ogier’s Structured Finance team.