Chicago, Jan. 31 – Blue Owl Credit Advisors LLC sold $477.98 million in a collateralized loan obligation being issued by Owl Rock CLO XV LLC, according to a presale report.
The notes will mature on Jan. 20, 2036.
The CLO consists of $273.6 million of class A floating-rate notes at SOFR plus 230 basis points, $38.4 million of class B floating-rate notes at SOFR plus 320 bps and $165.98 million of preferred shares.
Blue Owl Credit Advisors LLC will manage the collateral through the end of the reinvestment period on Jan. 20, 2028.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting Jan. 20, 2026.
Natixis Securities Americas 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 XV LLC
|
| Issue: | Floating-rate notes and preferred shares
|
| Amount: | $477.98 million
|
| Maturity: | Jan. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Natixis Securities Americas LLC
|
| Manager: | Blue Owl Credit Advisors LLC
|
| Call feature: | Jan. 20, 2026
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
|
|
| Class A notes
|
| Amount: | $273.6 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
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| Amount: | $38.4 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 320 bps
|
| Rating: | S&P: AA
|
|
|
| Preferred shares
|
| Amount: | $165.98 million
|
| Securities: | Preferred shares
|
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