...- We have assigned ratings to OCP EURO CLO 2019-3 DAC's cash flow CLO notes. - The transaction is a reset of an existing transaction that we did not rate. The existing classes of notes were redeemed with the proceeds from the issuance of the replacement notes. - The transaction securitizes a portfolio of primarily senior-secured leveraged loans and bonds. LONDON (S&P Global Ratings) April 20, 2021--S&P Global Ratings today assigned credit ratings to OCP EURO CLO 2019-3 DAC's class X, A, B-1, B-2, C, D, E, and F notes. The issuer also issued an additional 3.392 million subordinated notes to bring the total to 41.292 (see list above). The transaction is a reset of the existing OCP EURO CLO 2019-3 transaction, which originally closed in May 2019. The issuance proceeds of the refinancing notes were used to redeem the refinanced notes (class A, B-1, B-2, C, D, E, and F notes) and pay fees and expenses incurred in connection with the reset. The ratings reflect our assessment of:...
