Bank of America Merrill Lynch today priced a $653.25 million CLO for Och-Ziff Loan Management, according to sources.
The transaction is structured as follows:
The deal has a two-year non-call period, sources added.
Och-Ziff’s CLO is one of eight deals to price in 2013 totaling about $4.59 billion, according to LCD. – Kerry Kantin