Chicago, Nov. 22 – Blue Owl Credit Income Senior Loan Fund LLC priced $404.5 million of notes in a second collateralized loan obligation being issued by Wise CLO 2023-2 Ltd./Wise CLO 2023-2 LLC, according to a presale report.
The notes will mature on Jan. 15, 2037.
The CLO consists of $240 million of class A senior secured floating-rate notes at SOFR plus 180 basis points, $41 million of class B-1 senior secured floating-rate notes at SOFR plus 300 bps, $15 million of class B-2 7.38% senior secured fixed-rate notes, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 375 bps and $84.5 million of subordinated notes.
Blue Owl Credit Income Senior Loan Fund will manage the collateral through the end of the reinvestment period on Jan. 15, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Dec. 13, 2025.
RBC Capital Markets LLC, BofA Securities Inc. and NatWest Markets Securities Inc. were the placement agents.
Blue Owl is based in New York. The CLO is a joint venture between Blue Owl Credit Income Corp. and the State Teachers Retirement System of Ohio.
| Issuer: | Wise CLO 2023-2 Ltd./Wise CLO 2023-2 LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $404.5 million
|
| Maturity: | Jan. 15, 2037
|
| Structure: | Cash flow CLO
|
| Placement agents: | RBC Capital Markets LLC, BofA Securities Inc. and NatWest Markets Securities Inc.
|
| Manager: | Blue Owl Credit Income Senior Loan Fund LLC
|
| Call feature: | Dec. 13, 2025
|
| Pricing date: | Nov. 16
|
| Settlement date: | Dec. 13
|
|
|
| Class A notes
|
| Amount: | $240 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 180 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
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| Amount: | $41 million
|
| Securities: | Senior secured floating-rate notes
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| Coupon: | SOFR plus 300 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
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| Amount: | $15 million
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| Securities: | Senior secured fixed-rate notes
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| Coupon: | 7.38%
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| Rating: | S&P: AA
|
|
|
| Class C notes
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| Amount: | $24 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Coupon: | SOFR plus 375 bps
|
| Rating: | S&P: A
|
|
|
| Subordinated notes
|
| Amount: | $84.5 million
|
| Securities: | Subordinated notes
|
|
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