Barings prices $405.1 million CLO; Sculptor prints; Oak Hill refinances €260.8 million

By Cristal Cody

Tupelo, Miss., Nov. 21 – Barings LLC priced $405.1 million of notes in the manager’s fourth broadly syndicated CLO deal of the year.

In other pricing action, Sculptor Loan Management LP, formerly known as Och-Ziff Loan Management LP, sold $349.55 million of notes in the firm’s first CDO transaction, which closed Thursday.

The market also saw a CBO deal from Diameter Capital Partners LP, which closed Thursday on its previously reported $273.6 million Diameter Credit Funding 2019-II, Ltd. transaction.

In other activity, Oak Hill Advisors (Europe), LLP refinanced €260.8 million of AAA-rated notes from a vintage 2017 CLO.

In its deal, Barings priced $405.1 million of notes due Jan. 15, 2033 in a new CLO deal, according to market sources.

Barings CLO Ltd. 2019-IV/Barings CLO Ltd. 2019-IV LLC sold $230 million of class A-1 floating-rate notes at Libor plus 133 basis points and $26 million of 3.02% class A-2 fixed-rate notes at the top of the capital stack.

Meanwhile, Sculptor Loan Management priced $349.55 million of notes due Oct. 20, 2037 in the CDO transaction, according to market sources.

In the senior tranches, Guardia 1, Ltd. sold $169.75 million of 3.93% class A-1 fixed-rate notes and $36.75 million of 4.53% class A-2 fixed-rate notes.

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