Chicago, Sept. 18 – Blue Owl Credit Income Senior Loan Fund LLC priced $457 million of notes and loans in a collateralized loan obligation being issued by Wise CLO 2023-1 Ltd./Wise CLO 2023-1 LLC, according to a presale report.
The CLO will mature on Oct. 20, 2036.
The transaction consists of $195 million of class A senior secured floating-rate notes at SOFR plus 210 basis points, $75 million of class A senior secured floating-rate loans at SOFR plus 210 bps, $46.25 million of class B-1 senior secured floating-rate notes at SOFR plus 300 bps, $14.5 million of class B-2 7.15% senior secured fixed-rate notes, $29.25 million of class C senior secured deferrable floating-rate notes at SOFR plus 375 bps and $97 million of subordinated notes.
Blue Owl Credit Income Senior Loan Fund LLC will manage the collateral through the end of the reinvestment period on Oct. 20, 2028.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Sept. 21, 2025.
BofA Securities Inc. was the placement agent.
Blue Owl is based in New York.
| Issuer: | Wise CLO 2023-1 Ltd./Wise CLO 2023-1 LLC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and subordinated notes
|
| Amount: | $457 million
|
| Maturity: | Oct. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities Inc.
|
| Manager: | Blue Owl Credit Income Senior Loan Fund LLC
|
| Call feature: | Sept. 21, 2025
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 21
|
|
|
| Class A notes
|
| Amount: | $195 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A loans
|
| Amount: | $75 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | $46.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $14.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 7.15%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $29.25 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 375 bps
|
| Rating: | S&P: A
|
|
|
| Subordinated notes
|
| Amount: | $97 million
|
| Securities: | Subordinated notes
|
|
|
© 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.
