By Cristal Cody
Tupelo, Miss., Nov. 21 – Sculptor Loan Management LP, formerly known as Och-Ziff Loan Management LP, priced $349.55 million of notes due Oct. 20, 2037 in a collateralized debt obligation transaction, according to market sources.
Guardia 1, Ltd. sold $169.75 million of 3.93% class A-1 fixed-rate senior notes; $36.75 million of 4.53% class A-2 fixed-rate senior notes; $24.5 million of 5.53% class B fixed-rate deferrable mezzanine notes; $12.6 million of 6.5% class C fixed-rate deferrable mezzanine notes and $105.95 million of subordinated notes.
Citigroup Global Markets Inc. was the placement agent.
Sculptor will manage the CDO.
The securities are collateralized primarily by corporate bonds and loans.
The New York-based firm, which changed its name in September, is part of Sculptor Capital Management, Inc.
| Issuer: | Guardia 1, Ltd.
|
| Amount: | $349.55 million
|
| Maturity: | Oct. 20, 2037
|
| Securities: | Fixed-rate and subordinated notes
|
| Structure: | Cash flow CDO
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Manager: | Och-Ziff Loan Management LP
|
| Pricing date: | Oct. 17
|
| Closing date: | Nov. 21
|
|
|
| Class A-1 notes
|
| Amount: | $169.75 million
|
| Securities: | Fixed-rate senior notes
|
| Coupon: | 3.93%
|
| Rating: | Moody’s: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $36.75 million
|
| Securities: | Fixed-rate senior notes
|
| Coupon: | 4.53%
|
| Rating: | Moody’s: Aa3
|
|
|
| Class B notes
|
| Amount: | $24.5 million
|
| Securities: | Fixed-rate deferrable mezzanine notes
|
| Coupon: | 5.53%
|
| Rating: | Moody’s: A3
|
|
|
| Class C notes
|
| Amount: | $12.6 million
|
| Securities: | Fixed-rate deferrable mezzanine notes
|
| Coupon: | 6.5%
|
| Rating: | Moody’s: Baa3
|
|
|
| Equity
|
| Amount: | $105.95 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
