Seix Investment Advisors plans $460 million refinancing of Mountain View 2017-1 CLO

By Cristal Cody

Tupelo, Miss., Feb. 18 – Seix Investment Advisors LLC intends to price $460 million of notes in a refinancing of a vintage 2016 collateralized loan obligation deal, according to a notice of proposed supplemental indenture on Friday.

The Mountain View CLO 2017-1, Ltd./Mountain View CLO 2017-1, Corp. offering includes $320 million of class A-R senior floating-rate notes; $60 million of class B-R senior floating-rate notes; $30 million of class C-R mezzanine deferrable floating-rate notes; $25 million of class D-R mezzanine deferrable floating-rate notes and $25 million of class E-R junior deferrable floating-rate notes.

The original transaction was issued on Aug. 10, 2017.

Proceeds will be used to redeem the outstanding notes.

The investment management company and affiliated manager of Virtus Investment Partners is based in Park Ridge, N.J.

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