Pressroom
Natixis Arranges $400 million CLO for OFS Capital Management
Natixis announced today that it arranged a $400 million CLO for OFS Capital Management, LLC, OFSI Fund VI, Ltd. The notes are backed by a revolving pool that consists primarily of broadly syndicated US dollar-denominated first lien senior secured loans.
Kevin Alexander, Global Head of Structured Credit & Solutions for Natixis, said, “Natixis was pleased to be chosen to arrange, structure and place this CLO for OFS Capital Management. We look forward to continuing to deepen our relationship with a key investment manager.”
OFS Capital Management is an established asset manager that has, since its predecessor was founded in 1994, focused on U.S. corporate credit. OFS Capital Management invests in corporate credit through its CLO platform, and it is also the investment advisor for publicly traded business development company OFS Capital Corporation (NASDAQ: OFS).
Natixis Securities Americas LLC, part of Natixis, served as Placement Agent on this CLO.
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About Natixis
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts nearly 16,000 employees across 38 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks. Listed on the Paris stock exchange, Natixis has a solid financial base with a CET1 capital under Basel 3(1) of €11.4 billion, a Basel 3 CET1 Ratio(1) of 11.5% and quality long-term ratings (Standard & Poor’s: A+ / Moody’s: A1 / Fitch Ratings: A+).
(1) Based on CRR-CRD4 rules as reported on June 26, 2013, including the Danish compromise - without phase-in and including current financial year’s earnings and accrued dividend (based on a 60% pay-out).
Figures as at 30 September 2019.
