Paul, Weiss client Oak Hill Advisors. L.P., as portfolio manager of OHA Intrepid Leveraged Loan Fund, Ltd., a cash flow Collateral Loan Obligation (CLO) fund, completed a precedent-setting refinancing transaction in which $318 million of three classes of secured notes issued by the CLO were simultaneously redeemed and refinanced with proceeds from the issuance of new secured notes. The transaction is one of the few CLO refinancings to be completed in the market and allowed the client to obtain a significantly lower cost of capital.

The Paul, Weiss team included corporate partner Eric Goodison and counsel Bruce Gruder; and tax partner David Sicular.