Clients rely on our Finance Group to help them navigate the business and legal complexities of novel and multi-dimensional debt financing transactions. Our versatile finance practitioners work closely with our mergers and acquisitions, securities, tax, real estate and bankruptcy lawyers to provide seamless advice and innovative solutions that address our clients' debt financing needs related to all types of transactions and capital structures.

Oak Hill Advisors Prices $770 Million CLO

Paul, Weiss client Oak Hill Advisors priced its collateralized loan obligation (CLO) fund, Oak Hill Credit Partners VII. The total capitalization of the fund is $770 million, making it the largest broadly syndicated CLO of 2012 thus far. The CLO was hailed as "groundbreaking" by Creditflux, a leading news source for the credit markets, which also noted that Oak Hill Advisor's CLO is the largest arbitrage CLO since the beginning of the credit crisis. Oak Hill Advisors serves as portfolio manager to the fund, and B of A Merrill Lynch is the placement agent. The fund, a Cayman Islands SPV, will issue multiple classes of Senior secured, floating and fixed rate Notes, and Subordinated Notes. The deal is set to close in the first week of November.

The Paul, Weiss team consisted of corporate partner Eric Goodison and counsel Bruce Gruder; tax partner David Sicular; and ERISA counsel Erin Murphy.

POSTED ON October 24, 2012 » Learn More About This Practice

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