Chicago, Nov. 2 – FCOO CLO Management LLC priced $299.7 million in a collateralized loan obligation being issued by Fortress Credit Opportunities VIII CLO LLC, according to a presale report.
The CLO will mature on Oct. 22, 2034.
The transaction consists of $54 million of class A-1R senior secured floating-rate loans at SOFR plus 245 basis points, $108 million of class A-1T senior secured floating-rate notes at SOFR plus 245 bps, $7.5 million of class A-2 senior secured floating-rate notes at SOFR plus 300 bps, $13.5 million of class B senior secured floating-rate notes at SOFR plus 340 bps, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 435 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 660 bps, $18 million of class E senior secured deferrable floating-rate notes at SOFR plus 832 bps and $50.7 million of subordinated notes.
FCOO CLO Management LLC will manage the collateral through the end of the reinvestment period on Oct. 22, 2026.
Collateral consists of middle-market speculative-grade senior secured term loans.
The CLO can be called starting Oct. 22, 2025.
Natixis Securities Americas LLC was the placement agent.
Fortress Credit Opportunities is a securities asset fund based in Las Vegas.
Issuer: | Fortress Credit Opportunities VIII CLO LLC
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Issue: | Floating-rate loans, floating-rate notes and subordinated notes
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Amount: | $299.7 million
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Maturity: | Oct. 22, 2034
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Structure: | Cash flow CLO
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Placement agent: | Natixis Securities Americas LLC
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Manager: | FCOO CLO Management LLC
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Call feature: | Oct. 22, 2025
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Pricing date: | Oct. 27
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Settlement date: | Nov. 9
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Class A-1R loans
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Amount: | $54 million
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Securities: | Senior secured floating-rate loans
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Coupon: | SOFR plus 245 bps
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Rating: | S&P: AAA
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Class A-1T notes
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Amount: | $108 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 245 bps
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Rating: | S&P: AAA
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Class A-2 notes
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Amount: | $7.5 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 300 bps
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Rating: | S&P: AAA
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Class B notes
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Amount: | $13.5 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 340 bps
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Rating: | S&P: AA
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Class C notes
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Amount: | $24 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 435 bps
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Rating: | S&P: A
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Class D notes
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Amount: | $24 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 660 bps
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Rating: | S&P: BBB-
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Class E notes
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Amount: | $18 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 832 bps
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Rating: | S&P: BB-
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Subordinated notes
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Amount: | $50.7 million
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Securities: | Subordinated notes
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