Chicago, March 2 – Sculptor CLO Management LLC refinanced for $521.18 million the collateralized loan obligation issued by OZLM XIX Ltd./OZLM XIX LLC, according to an indenture and a press release.
The notes will mature in January 2035.
The CLO consists of $5.25 million of class X-R senior secured floating-rate notes at Libor plus 100 basis points, $50 million of class A-1-R senior secured floating-rate loans at Libor plus 122 bps, $242.55 million of class A-1a-R senior secured floating-rate notes at Libor plus 122 bps, $32.95 million of class A-1b-R 2.6% senior secured fixed-rate notes, $50.625 million of class A-2a-R senior secured floating-rate notes at Libor plus 185 bps, $15 million of class A-2b-R 3.2% mezzanine secured deferrable fixed-rate notes, $21.25 million of class B-1-R mezzanine secured deferrable floating-rate notes at Libor plus 240 bps, $5 million of class B-2-R 3.87% junior secured deferrable fixed-rate notes, $3.075 million of class C-R junior secured deferrable floating-rate notes at Libor plus 383 bps, $30.45 million of class D-R senior secured floating-rate notes at Libor plus 763 bps and $65.03 million of subordinated notes.
Sculptor CLO Management LLC will manage the collateral through the end of the reinvestment period in January 2027.
Collateral for the notes consists of a portfolio of broadly syndicated senior secured corporate loans.
The notes can be called starting in January 2024.
Citigroup Global Markets Inc. was the placement agent.
The firm is an affiliate of New York City-based alternative asset manager Och-Ziff Capital Management Group Inc., now Sculptor Capital Management, Inc.
| Issuer: | OZLM XIX Ltd./OZLM XIX LLC
|
| Issue: | Floating-rate notes, fixed-rate notes, loans and subordinated notes
|
| Amount: | $521.18 million
|
| Maturity: | January 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Manager: | Sculptor CLO Management LLC
|
| Call feature: | January 2024
|
| Settlement date: | Dec. 29
|
|
|
| Class X-R notes
|
| Amount: | $5.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 100 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1-R loans
|
| Amount: | $50 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | Libor plus 122 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1a-R notes
|
| Amount: | $242.55 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 122 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1b-R notes
|
| Amount: | $32.95 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.6%
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2a-R notes
|
| Amount: | $50.625 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 185 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class A-2b-R notes
|
| Amount: | $15 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 3.2%
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-1-R notes
|
| Amount: | $21.25 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 240 bps
|
| Rating: | Moody's: A2
|
|
|
| Class B-2-R notes
|
| Amount: | $5 million
|
| Securities: | Junior secured deferrable fixed-rate notes
|
| Coupon: | 3.87%
|
| Rating: | Moody's: A2
|
|
|
| Class C-R notes
|
| Amount: | $3.075 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 383 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class D-R notes
|
| Amount: | $30.45 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 763 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $65.03 million
|
| Securities: | Subordinated notes
|
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