By Cristal Cody
Tupelo, Miss., Nov. 21 – Sculptor Loan Management LP, formerly known as Och-Ziff Loan Management LP, priced $349.55 million of notes due Oct. 20, 2037 in a collateralized debt obligation transaction, according to market sources.
Guardia 1, Ltd. sold $169.75 million of 3.93% class A-1 fixed-rate senior notes; $36.75 million of 4.53% class A-2 fixed-rate senior notes; $24.5 million of 5.53% class B fixed-rate deferrable mezzanine notes; $12.6 million of 6.5% class C fixed-rate deferrable mezzanine notes and $105.95 million of subordinated notes.
Citigroup Global Markets Inc. was the placement agent.
Sculptor will manage the CDO.
The securities are collateralized primarily by corporate bonds and loans.
The New York-based firm, which changed its name in September, is part of Sculptor Capital Management, Inc.
Issuer: | Guardia 1, Ltd.
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Amount: | $349.55 million
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Maturity: | Oct. 20, 2037
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Securities: | Fixed-rate and subordinated notes
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Structure: | Cash flow CDO
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Placement agent: | Citigroup Global Markets Inc.
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Manager: | Och-Ziff Loan Management LP
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Pricing date: | Oct. 17
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Closing date: | Nov. 21
|
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Class A-1 notes
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Amount: | $169.75 million
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Securities: | Fixed-rate senior notes
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Coupon: | 3.93%
|
Rating: | Moody’s: Aaa
|
|
Class A-2 notes
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Amount: | $36.75 million
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Securities: | Fixed-rate senior notes
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Coupon: | 4.53%
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Rating: | Moody’s: Aa3
|
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Class B notes
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Amount: | $24.5 million
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Securities: | Fixed-rate deferrable mezzanine notes
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Coupon: | 5.53%
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Rating: | Moody’s: A3
|
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Class C notes
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Amount: | $12.6 million
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Securities: | Fixed-rate deferrable mezzanine notes
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Coupon: | 6.5%
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Rating: | Moody’s: Baa3
|
|
Equity
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Amount: | $105.95 million
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Securities: | Subordinated notes
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Ratings: | Non-rated
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