Chicago, April 18 – Sculptor Loan Advisors LLC sold $406.39 million in a collateralized loan obligation being issued by Sculptor CLO XXXII Ltd./Sculptor CLO XXXII LLC, according to a presale report.
The notes will mature on April 30, 2037.
The CLO consists of $252 million of class A-1 senior secured floating-rate notes at SOFR plus 165 basis points, $4 million of class A-2 senior secured floating-rate notes at SOFR plus 195 bps, $28 million of class B-1 senior secured floating-rate notes at SOFR plus 225 bps, $20 million of class B-2 5.94% senior secured fixed-rate notes, $22 million of class C senior secured deferrable floating-rate notes at SOFR plus 282 bps, $20 million of class D-1 senior secured deferrable floating-rate notes at SOFR plus 410 bps, $4 million of class D-2 senior secured deferrable floating-rate notes at SOFR plus 550 bps, $14 million of class E senior secured deferrable floating-rate notes at SOFR plus 709 bps and $42.39 million of subordinated notes.
Sculptor Loan Advisors LLC will manage the collateral through the end of the reinvestment period on April 30, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting April 17, 2026.
SG Americas Securities LLC was the placement agent.
The New York-based firm is part of Sculptor Capital Management, Inc.
| Issuer: | Sculptor CLO XXXII Ltd./Sculptor CLO XXXII LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $406.39 million
|
| Maturity: | April 30, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | SG Americas Securities LLC
|
| Manager: | Sculptor Loan Advisors LLC
|
| Call feature: | April 17, 2026
|
| Pricing date: | April 10
|
| Settlement date: | April 17
|
|
|
| Class A-1 notes
|
| Amount: | $252 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 165 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | $28 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $20 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.94%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $22 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 282 bps
|
| Rating: | S&P: A
|
|
|
| Class D-1 notes
|
| Amount: | $20 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 410 bps
|
| Rating: | S&P: BBB+
|
|
|
| Class D-2 notes
|
| Amount: | $4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 550 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 709 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $42.39 million
|
| Securities: | Subordinated notes
|
|
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