PineBridge Investments Completes Reset of US$400 Million Collateralized Loan Obligation

NEW YORK, 20 March 2024 — PineBridge Investments (“PineBridge), a private, global asset manager focused on active, high- conviction investing, announced the reset of a collateralized loan obligation (CLO), Galaxy XXIV, with a target par of US$400 million. BofA Securities, Inc. served as sole initial purchaser and placement agent for the transaction.

“We are pleased to have completed this reset enabling us to optimize costs in the current market and enhance our return profile; reinforcing our commitment to delivering sustained value for our investors,” said Dan Sherry, US CLO Portfolio Manager at PineBridge Investments. “Driven by the strong credit performance of this 2017 vintage CLO, the reset of Galaxy XXIV will extend the period available to drive strong results.”

PineBridge’s Leveraged Finance Group, led by eight senior portfolio managers averaging 27 years of industry experience, has managed CLOs since 1999. The function consists of an integrated global team in the United States and Europe covering US and European loan, high yield, and CLO markets. As of 31 December 2023, PineBridge had US$26.2 billion of leveraged finance assets under management¹, including $5.9 billion in U.S. CLOs AUM².

The reset of Galaxy XXIV marks PineBridge’s 12^th completed reset transaction.

About PineBridge Investments

PineBridge Investments is a private, global asset manager focused on active, high-conviction investing. We draw on the collective power of our teams across each discipline, market, and region of the world through an open culture of collaboration designed to identify the best ideas. Our mission is to exceed clients’ expectations on every level, every day. As of 31 December 2023, the firm managed $157.1 billion across global asset classes for sophisticated investors around the world.

Footnotes

¹As of 31 December 2023. Includes all funds/accounts managed by PineBridge focused on US and European loans, high yield bonds, and structured credit investments since inception. Past performance is not an indicator of future results.

²As of 31 December 2023

Disclosure

MetLife Investment Management (“MIM”), which includes PineBridge Investments, is MetLife, Inc.’s institutional investment management business. MIM is a group of international companies that provides investment advice and markets asset management products and services to clients around the world. The various global teams referenced in this document, including portfolio managers, research analysts and traders are employed by the various legal entities that comprise MIM

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PineBridge Investments Completes Reset of US$400 Million Collateralized Loan Obligation

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PineBridge Investments Completes Reset of US$400 Million Collateralized Loan Obligation

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