By Cristal Cody
Tupelo, Miss., Aug. 17 – Apex Credit Partners LLC priced $44,371,675 of class A-F-R notes with a 2.294% coupon in a refinancing of the fixed-rate tranche from the Apex Credit CLO 2017 Ltd. transaction, according to market sources.
The notes (//AAA) are due April 24, 2029.
Proceeds were used to redeem the original $45 million of class A-F notes that carried a 3.603% coupon.
The class A-F notes were originally issued Feb. 24, 2017 in the CLO previously known as JFIN CLO 2017 Ltd.
Additional pricing terms were not immediately available.
The deal is backed primarily by broadly syndicated senior secured corporate loans.
The New York City-based commercial finance firm is co-owned by Jefferies Group LLC and Massachusetts Mutual Life Insurance Co.
| Issuer: | Apex Credit CLO 2017 Ltd.
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| Amount: | $44,371,675 refinancing
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| Maturity: | April 24, 2029
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| Securities: | Class A-F-R fixed-rate notes
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| Structure: | Cash flow CLO
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| Manager: | Apex Credit Partners LLC
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| Coupon: | 2.294%
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| Pricing date: | Aug. 12
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| Rating: | Fitch: AAA
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| Distribution: | Rule 144A and Regulation S
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