Chicago, Aug. 16 – Oak Hill Advisors, LP sold $492.2 million in a collateralized loan obligation being issued by OHA Credit Funding 12, Ltd., according to multiple press releases.
The notes will mature on July 20, 2033.
The CLO consists of $320 million of class A senior secured floating-rate notes at SOFR plus 210 basis points, $45.8 million of class B senior secured floating-rate notes at SOFR plus 275 bps, $31.6 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 345 bps, $34 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 425 bps, $18.3 million of class E junior secured deferrable floating-rate notes at SOFR plus 776 bps, $1 million of class F junior secured deferrable floating-rate notes at SOFR plus 776 bps and $41.5 million of subordinated notes.
Oak Hill Advisors, LP will manage the collateral through the end of the reinvestment period in three years.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The investment firm is based in New York City.
| Issuer: | OHA Credit Funding 12, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $492.2 million
|
| Maturity: | July 20, 2033
|
| Structure: | Cash flow CLO
|
| Manager: | Oak Hill Advisors, LP
|
| Settlement date: | Aug. 8
|
|
|
| Class A notes
|
| Amount: | $320 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $45.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 275 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $31.6 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 345 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $34 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 425 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $18.3 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 776 bps
|
| Rating: | Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | $1 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 776 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $41.5 million
|
| Securities: | Subordinated notes
|
|
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