By Cristal Cody
Tupelo, Miss., Sept. 25 – Romark CLO Advisors LLC priced $23 million of notes due April 20, 2031 in a partial refinancing of a vintage collateralized loan obligation, according to market sources.
Romark WM-R Ltd./Romark WM-R LLC sold $23 million of 2.54% class B-2-R fixed-rate notes.
In the transaction issued April 12, 2018, the CLO sold $23 million of 4.27% class B-2 fixed-rate notes. Romark WM-R was issued in 2018 as a refinancing of the vintage 2014 Washington Mill CLO Ltd. transaction.
Citigroup Global Markets Inc. was the refinancing agent.
Proceeds were used to redeem the class B-2 notes.
The CLO is collateralized primarily by broadly syndicated senior secured corporate loans.
Romark CLO Advisors is an affiliate of New York-based investment firm Shenkman Capital Management, Inc.
| Issuer: | Romark WM-R Ltd./Romark WM-R LLC
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| Amount: | $23 million refinancing
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| Maturity: | April 20, 2031
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| Securities: | Class B-2-R fixed-rate notes
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| Structure: | Cash flow CLO
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| Refinancing agent: | Citigroup Global Markets Inc.
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| Manager: | Romark CLO Advisors LLC
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| Coupon: | 2.54%
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| Pricing date: | Sept. 17
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| Settlement date: | Sept. 24
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| Rating: | S&P: AA
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| Distribution: | Rule 144A and Regulation S
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