O’Melveny & Myers LLP represented PineBridge Investments LLC as collateral manager and Galaxy XI CLO, Ltd. as issuer in the structuring and issuance of approximately US$400 million of notes in a collateralized loan obligation (CLO) transaction that closed on August 18, 2011. Goldman, Sachs & Co. acted as placement agent. The CLO notes are secured by a portfolio comprised primarily of senior secured loans purchased on the secondary market.

Los Angeles partner Deborah Festa led the representation for O’Melveny & Myers LLP.

PineBridge Investments is an independent multi-product investment adviser and manages US$77.9 billion in assets as of June 30, 2011, for institutional and individual clients across an extensive platform of listed equity, fixed income, private equity, and hedge capabilities.



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