MUFG prices $453M Fortress Credit BSL XIV

MUFG Securities on Friday priced the $453.47 million Fortress Credit BSL XIV, managed by FC BSL XIV Management LLC, a special purpose vehicle of Fortress Investment Group LLC.

Deal terms are as follows:

The terms include an AAA spread of L+125 on the $270 million class A tranche.

The non-call period ends Oct. 23, 2023, and the reinvestment period will be active through Oct. 23, 2026.

The stated maturity is Oct. 23, 2034.

The deal, the second this year issued by Fortress, is expected to close Nov. 30.