Fifth Street Senior Floating Rate announced the closing of a $309 million debt securitization transaction. FSFR is issuing $222.6 million of long-term secured notes to refinance FSFR’s existing $200 million credit facility arranged by Natixis, New York Branch.

FSFR’s debt securitization is primarily invested in middle market senior secured loans that are sourced and originated through the Fifth Street platform. The vehicle has a four-year reinvestment period with a ten-year maturity and two-year non-call period. Natixis Securities Americas served as the Placement Agent and Natixis, New York Branch served as the Class A-R Note Agent.

“We are pleased to announce the closing of the FSFR Debt Securitization, which was supported by repeat investors and represents the tightest print for a middle market CLO this year. FSFR was able to capitalize on an attractive capital markets environment to optimize our capital structure and lock in low-cost, long-term financing, stated FSFR’s CEO,” said Ivelin M. Dimitrov. “We believe that FSFR is well-positioned to continue investing in senior secured floating rate loans and take advantage of positive business trends, including declining bank participation in middle market leveraged lending.”