OZLM XIII CLO pricing emerges; Harvest deal also prices; Hildene Leveraged Credit to price

By Rebecca Melvin

New York, July 1 – Pricing emerged on two deals on Wednesday, including a euro-denominated CLO, with a new deal added to the new issue calendar for pricing this summer, according to market sources.

Och-Ziff Loan Management LP priced its third collateralized loan obligation deal for the year so far. OZLM XIII, Ltd./OZLM XIII, LLC is a $511.6 million CLO of notes due July 2027.

The offering includes $209.9 million of class A-1A floating-rate notes at Libor plus 141 basis points; a $100 million class A-1 loan at Libor plus 145 bps; $10 million of class A-1C floating-rate notes at Libor plus 145 bps; and $61.4 million of class A-2 floating-rate notes at Libor plus 201 bps as its top assets.

Citigroup Global Markets Inc. was the placement agent.

Also pricing was 3i Debt Management Investments Ltd.’s €413 million Harvest CLO XII Ltd. CLO transaction, which includes €229.75 million of class A-1 floating-rate notes at Euribor plus 134 bps; €5 million of 1.84% class A-2 fixed-rate notes; €37.75 million of class B-1 floating-rate notes at Euribor plus 205 bps; and €13 million of 2.79% class B-2 fixed-rate notes.

Merrill Lynch International was the arranger.

Meanwhile, Hildene Leveraged Credit LLC plans to price a new arbitrage cash flow CLO, including a $206.5 million tranche of class A-1A notes and a $17.5 million tranche of class A-1B notes at the top of the deal structure, according to a market source.

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