KBRA Assigns Rating to T. Rowe Price OHA Select Private Credit Fund's $300 Million Notes due 2029
KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.
- KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.
- The rating and Outlook are supported by T. Rowe Price OHA Select Private Credit Fund’s ties to Oak Hill Advisors, L.P.’s (“OHA”) $63 billion of Assets Under Management, which includes the $28 billion private credit platform that has obtained SEC exemptive relief to co-invest with OHA affiliates.
- T. Rowe Price Group, Inc. (NASDAQ: TROW), the parent company of OHA (acquired in 2021), is a global asset manager with approximately $1.45 trillion in AUM.
- OHA has a strong reputation as a trusted, value-added financing partner which has been cultivated over decades with companies and private equity sponsors (~150).