Chicago, Nov. 21 – Blue Owl Diversified Credit Advisors LLC sold $397.3 million in a collateralized loan obligation being issued by Owl Rock CLO XIV LLC, according to a presale report.
The CLO will mature on Oct. 20, 2035.
The transaction consists of $203 million of class A senior secured floating-rate notes at SOFR plus 240 basis points, $25 million of class A-L senior secured floating-rate loans at SOFR plus 240 bps, $32 million of class B senior secured floating-rate notes at SOFR plus 325 bps and $137.3 million of subordinated notes.
Blue Owl Diversified Credit Advisors will manage the collateral through the end of the reinvestment period on Oct. 20, 2027.
Collateral for the CLO consists of middle-market speculative-grade senior secured term loans.
The transaction is callable starting Oct. 20, 2025.
SG Americas Securities LLC was the placement agent.
The alternative asset manager is based in New York. The manager is a subsidiary of Blue Owl Capital Inc.
| Issuer: | Owl Rock CLO XIV LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $397.3 million
|
| Maturity: | Oct. 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | SG Americas Securities LLC
|
| Manager: | Blue Owl Diversified Credit Advisors LLC
|
| Call feature: | Oct. 20, 2025
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 21
|
|
|
| Class A notes
|
| Amount: | $203 million
|
| Securities: | Senior Secured floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-L loans
|
| Amount: | $25 million
|
| Securities: | Senior Secured floating-rate loans
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $32 million
|
| Securities: | Senior Secured floating-rate notes
|
| Coupon: | SOFR plus 325 bps
|
| Rating: | S&P: AA
|
|
|
| Subordinated notes
|
| Amount: | $137.3 million
|
| Securities: | Subordinated notes
|
|
|
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