Oaktree Capital Management preps €375 million European Arbour CLO

By Cristal Cody

Tupelo, Miss., May 16 - Oaktree Capital Management (UK) LLP plans to offer €375 million of notes due 2027 in the Arbour CLO Ltd. offering, according to market sources.

The deal includes €208.75 million of class A senior secured floating-rate notes (Aaa); €26.25 million of class B-1 senior secured fixed-rate notes (Aa2); €19.95 million of class B-2 senior secured floating-rate notes (Aa2); €11.25 million of class C-1 senior secured deferrable fixed-rate notes (A2); €10.75 million of class C-2 senior secured deferrable floating-rate notes (A2); €19.75 million of class D senior secured deferrable floating-rate notes (Baa2); €26,675,000 of class E senior secured deferrable floating-rate notes (Ba2); €12,125,000 of class F senior secured deferrable floating-rate notes (B2) and €39.5 million of subordinated notes.

Barclays Bank plc is the placement agent.

London-based Oaktree Capital Management (UK) will manage the CLO.

The CLO is primarily backed by senior secured loans or senior secured bonds.

Oaktree Capital Management (UK) is an affiliate of Los Angeles-based Oaktree Capital Management, LP.

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