Chicago, June 17 – Sculptor Loan Management LP sold $401.1 million in a collateralized loan obligation being issued by Sculptor CLO XXX Ltd./Sculptor CLO XXX LLC, according to a presale report.
The notes will mature on July 20, 2035.
The CLO consists of $196 million of class A-1 senior secured floating-rate notes at SOFR plus 158 basis points, $60 million of class A-1 loans floating-rate loans at SOFR plus 158 bps, $10 million of class A-2 4.52% senior secured fixed-rate notes, $26 million of class B-1 senior secured floating-rate notes at SOFR plus 260 bps, $9 million of class B-2 5.02% senior secured fixed-rate notes, $21 million of class C senior secured deferrable floating-rate notes at SOFR plus 325 bps, $16.8 million of class D-1 senior secured deferrable floating-rate notes at SOFR plus 435 bps, $7.5 million of class D-2 senior secured deferrable floating-rate notes at SOFR plus 637 bps, $18.2 million of class E senior secured deferrable floating-rate notes at SOFR plus 774 bps and $36.6 million of subordinated notes.
Sculptor Loan Management LP will manage the collateral through the end of the reinvestment period on July 20, 2027.
Collateral for the notes consists of broadly syndicated senior secured term loans.
The notes can be called starting June 28, 2024.
J.P. Morgan Securities LLC was the placement agent.
The New York-based firm is part of Sculptor Capital Management, Inc.
| Issuer: | Sculptor CLO XXX Ltd./Sculptor CLO XXX LLC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and subordinated notes
|
| Amount: | $401.1 million
|
| Maturity: | July 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Manager: | Sculptor Loan Management LP
|
| Call feature: | June 28, 2024
|
| Settlement date: | June 28
|
|
|
| Class A-1 notes
|
| Amount: | $196 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 158 bps
|
|
|
| Class A-1 loans
|
| Amount: | $60 million
|
| Securities: | Loans
|
| Coupon: | SOFR plus 158 bps
|
|
|
| Class A-2 notes
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| Amount: | $10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 4.52%
|
|
|
| Class B-1 notes
|
| Amount: | $26 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $9 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.02%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 325 bps
|
| Rating: | S&P: A
|
|
|
| Class D-1 notes
|
| Amount: | $16.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 435 bps
|
| Rating: | S&P: BBB+
|
|
|
| Class D-2 notes
|
| Amount: | $7.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 637 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
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| Amount: | $18.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 774 bps
|
|
|
| Subordinated notes
|
| Amount: | $36.6 million
|
| Securities: | Subordinated notes
|
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