RBS Securities is arranging a $375 million collateralized loan obligation for OFS Capital Management, according to a presale report published Thursday by Standard & Poor’s.

The transaction will issue two classes of securities with a preliminary ‘AAA’ rating from S&P: a $132 million tranche being offered at three-month Libor plus 93 basis points and a $108 million tranche being offered at Libor plus 145 basis points. Both classes benefit from the same amount of subordination, 39.11%

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