Octagon Investment Partners XVII to issue $264.5 million of notes

By Tali Rackner

Minneapolis, May 3 – Octagon Investment Partners XVII, Ltd./Octagon Investment Partners XVII, LLC plans to issue $264.5 million in six classes of notes via a refinancing, according to a notice from trustee U.S. Bank, NA.

The following will be issued:

• $141 million of class A-1-R senior secured floating-rate notes (Aaa (sf)/AAA (sf)/);

• $25 million of class A-3-R senior secured floating-rate notes (Aaa (sf)/AAA (sf)/);

• $40 million of class B-1-R senior secured floating-rate notes (/AA (sf)/);

• $5 million of class B-2-R senior secured floating-rate notes (/AA (sf)/);

• $31.75 million of class C-R senior secured deferrable floating-rate notes (/A (sf)/); and

• $21.75 million of class D-R senior secured deferrable floating-rate notes (/BBB (sf)/).

Proceeds will be used to refinance the existing class A-1, A-3, B-1, B-2, C and D notes.

The existing class A-2-R, E and F notes will not be refinanced.

New York City-based Octagon Credit Investors, LLC manages the CLO.

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