By Aleesia Forni
Virginia Beach, Nov. 13 – Och-Ziff Finance Co. LLC, a wholly owned subsidiary of Och-Ziff Capital Management Group LLC, priced $400 million of 4.5% senior notes due 2019 at 99.417, according to an 8-K filed with the Securities and Exchange Commission.
The notes will be guaranteed by OZ Management LP, OZ Advisors LP and OZ Advisors II LP.
Och-Ziff intends to use proceeds from the offering to repay outstanding borrowings under its delayed draw term loan, with remaining proceeds to be used for general corporate purposes.
The notes were sold via Rule 144A and Regulation S.
Och-Ziff is an institutional alternative asset manager based in New York.
| Issuer: | Och-Ziff Finance Co. LLC
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| Guarantors: | OZ Management LP, OZ Advisors LP, OZ Advisors II LP
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| Amount: | $400 million
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| Description: | Senior notes
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| Maturity: | 2019
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| Coupon: | 4.5%
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| Price: | 99.417
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| Trade date: | Nov. 13
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| Distribution: | Rule 144A, Regulation S
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