Oaktree Capital Management to price €413.45 million notes due 2030 in Arbour CLO IV deal

By Cristal Cody

Eureka Springs, Ark., Oct. 3 – Oaktree Capital Management (UK) LLP plans to price €413.45 million of notes due Jan. 15, 2030 in the Arbour CLO IV DAC transaction, according to a market source.

The deal includes €30 million of class A-1 senior secured fixed-rate notes (Aaa//AAA); €214 million of class A-2 senior secured floating-rate notes (Aaa//AAA); €42.2 million of class B senior secured floating-rate notes (Aa2//AA); €25 million of class C senior secured deferrable floating-rate notes (A2//A); €21.5 million of class D senior secured deferrable floating-rate notes (Baa2//BBB); €26.75 million of class E senior secured deferrable floating-rate notes (Ba2//BB); €11 million of class F senior secured deferrable floating-rate notes (B2//B-) and €43 million of subordinated notes.

Oaktree will manage the CLO.

The deal is collateralized mainly by senior secured loans and senior secured floating-rate notes.

Oaktree previously priced the €414.35 million Arbour CLO III Ltd. transaction in January.

The London-based firm is an affiliate of Los Angeles-based Oaktree Capital Management, LP.

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