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ClearBridge Energy MLP Opportunity Fund Inc. Announces Refinancing

ClearBridge Energy MLP Opportunity Fund Inc. (“the Fund”) (NYSE: EMO) announced today it completed a private placement of $150 million of fixed-rate senior secured notes on February 7, 2013. Net proceeds from the offering will be used to repay outstanding borrowings on a floating rate line of credit, make new portfolio investments, and for general corporate purposes. After the private placement, the Fund’s total leverage is $190 million or 22.3% of managed assets, comprised of 79% in fixed-rate securities and 21% in floating rate financing.

The table below summarizes the key terms of the offering.
Security     Amount     Rate     Maturity
Senior secured notes
Series A $40M 3.27% 2/07/20
Series B $50M 3.87% 2/07/23
Series C $60M 4.02% 2/07/25

For more information, please contact the Fund at 1-888-777-0102 or visit the Fund’s website at: www.lmcef.com

ClearBridge Energy MLP Opportunity Fund Inc. is a non-diversified, closed-end management investment company which is advised by Legg Mason Partners Fund Advisor, LLC (“LMPFA”) and subadvised by ClearBridge Investments, LLC (“ClearBridge”) (formerly ClearBridge Advisors, LLC).

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