CLO Markets US Deal Alert - 02 September 2024, 09:22 UK time

Category: CLO Markets

One US deal priced Friday afternoon New York time.

The reset of Oha Credit Partners XVI, a US BSL CLO managed by Oak Hill Advisors priced via Nomura.

Oha Credit Partners XVI

Class Size ($m) S&P Par Sub % WAL(YRS) BNCH CPN
A-R 372.00 AAA 38.00 6.48 3M SOFR +135
B-1-R 66.00 AA 24.00 8.57 3M SOFR +170
B-2-R (FXD) 18.00 AA 24.00 8.57 SOFR SWAPS 5.088%
C-R 36.00 A 18.00 9.41 3M SOFR +190
D-1-R 36.00 BBB- 12.00 9.91 3M SOFR +300
D-2-R 4.50 BBB- 11.25 10.17 3M SOFR +415
E-R 19.50 BB- 8.00 10.39 3M SOFR +550
SUB 57.91         Not offered
Total 609.91          

Key dates:

Closing Date: September 9, 2024

First Payment Date: October 18, 2024

Reinvestment Period End Date: October 18, 2029

 Non-Call Period End Date: October 18, 2026

Stated Maturity Date: October 18, 2037

Camilla Vitanza

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