Chicago, March 23 – Sculptor CLO Management LLC refinanced three classes of notes for $323.5 million from the OZLM XVI, Ltd./OZLM XVI, LLC collateralized loan obligation transaction, according to a notice.
The maturity remains May 16, 2030.
The refinancing notes consist of $252.7 million of class A-1-R senior secured floating-rate notes at Libor plus 103 basis points (previously 126 bps), $50 million of class A-2-R senior secured floating-rate notes at Libor plus 160 bps (previously 185 bps) and $20.8 million of class B-R senior secured deferrable floating-rate notes at Libor plus 200 bps (previously 255 bps).
Collateral mostly comes from senior secured corporate loans.
Sculptor will manage the collateral through the end of the reinvestment period.
The non-call period has been extended as part of the refinancing.
The original transaction included $254 million of class A-1 senior secured floating-rate notes at Libor plus 126 bps; $50 million of class A-2 senior secured floating-rate notes at Libor plus 185 bps; $20.8 million of class B senior secured floating-rate notes at Libor plus 255 bps; $24.8 million of class C senior secured deferrable floating-rate notes at Libor plus 355 bps; $18.4 million of class D senior secured deferrable floating-rate notes at Libor plus 600 bps and $42.25 million of subordinated notes.
The firm is a New York City-based alternative asset management firm. The notes were originally issued by Och-Ziff Loan Management LP.
| Issuers: | OZLM XVI, Ltd./OZLM XVI, LLC
|
| Issue: | Floating-rate notes
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| Structure: | Cash flow CLO
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| Amount: | $323.5 million
|
| Maturity: | May 16, 2030
|
| Manager: | Sculptor CLO Management LLC
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| Announcement date: | March 23
|
|
|
| Class A-1-R notes
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| Amount: | $252.7 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 103 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2-R notes
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| Amount: | $50 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 160 bps
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| Rating: | Moody's: Aa1
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| Class B-R notes
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| Amount: | $20.8 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Coupon: | Libor plus 200 bps
|
| Rating: | Moody's: A2
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