By Cristal Cody
Tupelo, Miss., Dec. 19 – Seix Investment Advisors LLC priced $406.4 million of 13-year notes in a new collateralized loan obligation offering, according to a news release on Thursday.
The Mountain View CLO XV, Ltd./Mountain View CLO XV, LLC transaction includes a two-year non-call period and a five-year reinvestment period.
Goldman Sachs & Co. LLC was the structuring and placement agent.
The CLO is collateralized mainly by broadly syndicated senior secured corporate loans.
The deal is expected to close in the first quarter of 2020.
Additional pricing terms were not immediately available.
Seix Investment Advisors now manages eight CLOs with about $34 billion in assets.
The investment management company and affiliated manager of Virtus Investment Partners is based in Park Ridge, N.J.
| Issuer: | Mountain View CLO XV, Ltd./Mountain View CLO XV, LLC
|
| Amount: | $406.4 million
|
| Maturity: | 13 years
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Seix Investment Advisors LLC
|
| Call feature: | Two years
|
| Announcement date: | Dec. 19
|
| Settlement date: | First quarter 2020
|
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