Chicago, July 13 – OFS CLO Management, LLC sold $297 million in a collateralized loan obligation being issued by OFSI BSL CLO XI, Ltd., according to multiple press releases.
The notes will mature on July 18, 2031.
The CLO consists of $180 million of class A-1 senior secured floating-rate notes, $12 million of class A-J senior secured floating-rate notes, $36 million of class B senior secured floating-rate notes, $16.5 million of class C senior secured deferrable floating-rate notes, $16.5 million of class D senior secured deferrable floating-rate notes, $12.8 million of class E senior secured deferrable floating-rate notes and $23.2 million of subordinated notes.
OFS CLO Management, LLC will manage the collateral through the end of the one-year reinvestment period.
Collateral for the notes consists of senior secured corporate loans.
Jefferies LLC was the placement agent.
The CLO manager is a Chicago-based advisory firm.
| Issuer: | OFSI BSL CLO XI, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $297 million
|
| Maturity: | July 18, 2031
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | OFS CLO Management, LLC
|
| Settlement date: | June 29
|
|
|
| Class A-1 notes
|
| Amount: | $180 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
| S&P: AAA
|
|
|
| Class A-J notes
|
| Amount: | $12 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
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| Amount: | $36 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
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| Amount: | $16.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Fitch: A
|
|
|
| Class D notes
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| Amount: | $16.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
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| Amount: | $12.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $23.2 million
|
| Securities: | Subordinated notes
|
|
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