Fortress Investment Group to refinance fixed-rate notes from 2017 middle-market CLO

By Cristal Cody

Tupelo, Miss., July 28 – Fortress Investment Group LLC affiliate FCOD CLO Management LLC plans to refinance one tranche of notes from the vintage 2017 Fortress Credit Opportunities IX CLO Ltd./Fortress Credit Opportunities IX CLO LLC middle-market transaction, according to a notice of proposed supplemental indenture on Monday.

The 3.65% class A-1F fixed-rate notes will be refinanced on Aug. 17.

The notes were originally issued in a $100 million tranche in the Fortress Credit Opportunities IX offering on Nov. 15, 2017.

Natixis Securities Americas LLC is the refinancing placement agent.

The notes are due Nov. 15, 2029.

The deal is backed primarily by middle-market senior secured corporate loans.

New York-based Fortress Investment Group has priced one new middle-market CLO year to date.

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