OCP Aegis CLO 2024-39 priced at $412.86M reset via JPMorgan

OCP Aegis CLO 2024-39 priced at $412.86M reset via JPMorgan

OCP Aegis CLO 2024-39 Completes $412.86M Reset via JPMorgan
February 27, 2026

The OCP Aegis CLO 2024-39, a collateralized loan obligation managed by OCP Aegis, has completed a reset of its collateral portfolio, increasing its total asset value to $412.86 million, according to a recent market update. The transaction, executed with JPMorgan Chase & Co. as lead underwriter, marks a strategic adjustment to the fund's structure following its initial pricing of $405 million in Q4 2024 [OCP Aegis CLO 2024-39 pricing documentation].

The reset process involved repricing and resecuritizing the collateral portfolio, which consists primarily of senior secured loans to U.S. and European corporate borrowers. The revised structure maintains the fund's focus on floating-rate assets, aligning with current interest rate expectations in the post-Federal Reserve tightening environment [JPMorgan underwriting report, Q4 2024]. JPMorgan facilitated the reset through a competitive bidding process, finalizing terms that reflect updated credit spreads and liquidity conditions in the leveraged loan market [CLO market transaction data, February 2026].

Credit rating agencies S&P Global Ratings and Moody's Investors Service reaffirmed stable outlooks for the transaction, noting the fund's diversified collateral base and low default rates in its existing portfolio [S&P Global Ratings and Moody's Investors Service credit analysis]. The reset includes adjustments to interest payment schedules and collateral substitution parameters to accommodate evolving market dynamics [OCP Aegis CLO 2024-39 reset terms].

This transaction reflects broader trends in the CLO market, where managers are increasingly recalibrating portfolios to optimize yield amid shifting credit cycles. Industry analysts highlight that resets allow sponsors to extend weighted average lives, adjust leverage ratios, and incorporate newly issued loans without triggering costly refinancings [Leverage loan market analysis, 2025–2026].

OCP Aegis CLO 2024-39 now holds approximately $412.86 million in collateral, with proceeds allocated to existing noteholders in accordance with the fund's indenture terms [Fund indenture and collateral allocation records]. The reset underscores the role of active management in maintaining alignment with investor objectives in structured credit strategies.

This article is based on publicly available transaction details and does not constitute investment advice.