Sculptor to price $304 million of notes in partial refinancing of OZLM XV CLO

By Cristal Cody

Tupelo, Miss., Nov. 22 – Sculptor Loan Management LP, formerly known as Och-Ziff Loan Management LP, plans to price $304 million of notes due January 2029 in a partial refinancing of a vintage 2016 collateralized loan obligation transaction, according to a notice of proposed first supplemental indenture on Thursday.

OZLM XV, Ltd./OZLM XV LLC intends to sell $252 million of class A-1-R senior secured floating-rate notes, $40.5 million of class A-2a-R senior secured floating-rate notes and $11.5 million of class A-2b-R senior secured floating-rate notes.

Deutsche Bank Securities, Inc. is the refinancing placement agent.

Sculptor will manage the CLO, which is secured primarily by broadly syndicated first-lien senior secured corporate loans.

The original CLO notes were issued Dec. 20, 2016.

Proceeds will be used to redeem outstanding notes.

New York-based Sculptor changed its name in September. The firm is part of Sculptor Capital Management, Inc.

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