By Cristal Cody
Tupelo, Miss., Sept. 25 – Romark CLO Advisors LLC priced $23 million of notes due April 20, 2031 in a partial refinancing of a vintage collateralized loan obligation, according to market sources.
Romark WM-R Ltd./Romark WM-R LLC sold $23 million of 2.54% class B-2-R fixed-rate notes.
In the transaction issued April 12, 2018, the CLO sold $23 million of 4.27% class B-2 fixed-rate notes. Romark WM-R was issued in 2018 as a refinancing of the vintage 2014 Washington Mill CLO Ltd. transaction.
Citigroup Global Markets Inc. was the refinancing agent.
Proceeds were used to redeem the class B-2 notes.
The CLO is collateralized primarily by broadly syndicated senior secured corporate loans.
Romark CLO Advisors is an affiliate of New York-based investment firm Shenkman Capital Management, Inc.
Issuer: | Romark WM-R Ltd./Romark WM-R LLC
|
Amount: | $23 million refinancing
|
Maturity: | April 20, 2031
|
Securities: | Class B-2-R fixed-rate notes
|
Structure: | Cash flow CLO
|
Refinancing agent: | Citigroup Global Markets Inc.
|
Manager: | Romark CLO Advisors LLC
|
Coupon: | 2.54%
|
Pricing date: | Sept. 17
|
Settlement date: | Sept. 24
|
Rating: | S&P: AA
|
Distribution: | Rule 144A and Regulation S
|
|
© 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.