Chicago, Nov. 15 – Sculptor Loan Management, LP conducted a third refinancing for $347.42 million for a collateralized loan obligation issued by OZLM XIV, Ltd./OZLM XIV LLC, according to a supplemental indenture.
The notes will now mature on July 2034.
The refinanced CLO consists of $1 million of class X senior secured floating-rate notes at Libor plus 100 basis points, $201.5 million of class A-1 Sr senior secured floating-rate notes at Libor plus 125 bps, $9.75 million of class A-1 Jr senior secured floating-rate notes at Libor plus 155 bps, $32.5 million of class A-2RR senior secured floating-rate notes at Libor plus 185 bps, $16.25 million of class B-RR senior secured deferrable floating-rate notes at Libor plus 240 bps, $19.5 million of class C-RR senior secured deferrable floating-rate notes at Libor plus 339 bps, $19.5 million of class D-RR senior secured deferrable floating-rate notes at Libor plus 701 bps and $47.42 million of subordinated notes.
Sculptor Loan Management, LP will manage the collateral through the end of the reinvestment period in July 2026.
The notes are collateralized by first-lien senior secured loans and eligible investments.
The notes can be called starting July 2023.
Jefferies LLC was the placement agent.
The firm, an affiliate of New York City-based alternative asset manager Och-Ziff Capital Management Group Inc. now Sculptor Capital Management, Inc.
Issuer: | OZLM XIV, Ltd.
|
Issue: | Floating-rate notes and subordinated notes
|
Amount: | $347.42 million
|
Maturity: | July 2034
|
Structure: | Cash flow CLO
|
Placement agent: | Jefferies LLC
|
Manager: | Sculptor Loan Management, LP
|
Call feature: | July 2023
|
Settlement date: | July 15
|
|
Class X notes
|
Amount: | $1 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Libor plus 100 bps
|
Rating: | Moody's: Aaa
|
|
Class A-1 Sr notes
|
Amount: | $201.5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Libor plus 125 bps
|
Rating: | Moody's: Aaa
|
|
Class A-1 Jr notes
|
Amount: | $9.75 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Libor plus 155 bps
|
Rating: | Moody's: Aaa
|
|
Class A-2RR notes
|
Amount: | $32.5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Libor plus 185 bps
|
Rating: | Moody's: Aa2
|
|
Class B-RR notes
|
Amount: | $16.25 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Libor plus 240 bps
|
Rating: | Moody's: A2
|
|
Class C-RR notes
|
Amount: | $19.5 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Libor plus 339 bps
|
Rating: | Moody's: Baa3
|
|
Class D-RR notes
|
Amount: | $19.5 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Libor plus 701 bps
|
Rating: | Moody's: Ba3
|
|
Subordinated notes
|
Amount: | $47.42 million
|
Securities: | Subordinated notes
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.