By Cristal Cody
Tupelo, Miss., Sept. 23 – Fortress Investment Group LLC refinanced $41 million of fixed-rate notes from its vintage 2018 Fortress Credit BSL V Ltd./Fortress Credit BSL V LLC transaction, according to market sources.
The CLO priced $41 million of 2.723% class B-2-R senior secured fixed-rate notes due July 11, 2030 (AA) 123 basis points tighter than the original offering.
Fortress previously issued $41 million of class B-2 senior secured fixed-rate notes on Jan. 11, 2018.
MUFG was the refinancing placement agent.
The CLO manager is FC BSL Management LLC Series V.
Proceeds were used to redeem the class B-2 notes.
Fortress Investment is a New York City-based investment firm.
Issuer: | Fortress Credit BSL V Ltd./Fortress Credit BSL V LLC
|
Amount: | $41 million refinancing
|
Maturity: | July 11, 2030
|
Securities: | Class B-2-R senior secured fixed-rate notes
|
Structure: | Cash flow CLO
|
Refinancing agent: | MUFG
|
Manager: | FC BSL Management LLC Series V
|
Coupon: | 2.723%
|
Pricing date: | Sept. 14
|
Settlement date: | Sept. 22
|
Rating: | S&P: AA
|
|
© 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.