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Oaktree Capital to price $435.2 million three-part Oaktree EIF CLO
By Cristal Cody
Tupelo, Miss., Dec. 15 – Oaktree Capital Management LP is offering $435.2 million of notes due Oct. 18, 2027 in the Oaktree EIF I Series A1 Ltd./Oaktree EIF I Series A1 LLC transaction, according to a market source.
The deal includes $262 million of class A floating-rate notes (Aaa/AAA), $46 million of class B floating-rate notes (Aa2) and $127.2 million of income notes.
MUFG is the placement agent.
Oaktree Capital Management will manage the CLO.
The CLO has a non-call period that ends on Jan. 18, 2018. The reinvestment period ends on Jan. 18, 2019.
The deal is backed primarily by broadly syndicated senior secured corporate loans.
Oaktree Capital Management has priced two CLO deals year to date.
The Los Angeles-based asset management firm, a subsidiary of Oaktree Capital Group, LLC, brought four CLO transactions to market in 2014.
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