Z Capital Credit Partners, L.L.C. ("ZCCP"), the credit fund management arm of Z Capital Group, L.L.C. ("ZCG"), announced today the successful refinancing of $201.5 million of its ZCCP 2021-1 CLO, which is managed by its affiliate, Z Capital CLO Management, L.L.C. ("Z Capital CLO Management"). The transaction significantly reduces the weighted average cost of liabilities.

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Issued in June 2021, the original $334.4 million ZCCP 2021-1 CLO was structured with significant flexibility, including the ability to invest up to 30 percent of its assets in Caa-rated loans. The CLO primarily comprises senior secured loans with a four-year investment period and an eight-year weighted average life.

Santander US Capital Markets acted as the arranger for both transactions.

This refinancing follows ZCCP’s recent success in March 2024, when it closed its fifth CLO issuance. The $331.3 million CLO, managed by Z Capital CLO Management, is backed by a diversified portfolio of broadly syndicated senior secured loans, further solidifying ZCCP’s position as a leader in credit fund management.

About ZCG

ZCG is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions.

ZCG’s investors are some of the largest and most sophisticated global institutional investors including pension funds, endowments, foundations, sovereign wealth funds, central banks, and insurance companies.

For almost 30 years, ZCG Principals have invested tens of billions in capital and have industry leading track records in private equity and credit.

ZCG has a global team comprised of over 400 professionals. For more information, please visit www.zcg.com.

About ZCCP

Z Capital Credit Partners, L.L.C. ("ZCCP") is the credit fund management platform of ZCG that has industry leading returns. ZCCP invests across a range of credit investments including leveraged loans, private debt, direct lending, and opportunistic stressed credit. ZCCP manages closed and open-ended funds as well as structured vehicles for strategic debt.

ZCCP utilizes an approach of fundamental credit analysis, developed over nearly 30 years, through proprietary sourcing, sophisticated structuring and comprehensive risk management, utilizing the Olympus™ system.

For almost 30 years, ZCCP Principals have deployed approximately $26 billion in numerous industries.

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