Audax Private Debt Completes $455 Million Middle Market CLO Offering, Audax Senior Debt CLO 12

NEW YORK, NY – March 26, 2025 – Audax Private Debt (“Audax”), a leading provider of financing solutions for the middle market, today announced the closing of a $455 million middle market collateralized loan obligation (“CLO”), Audax Senior Debt CLO 12, LLC (“CLO 12”).

This transaction represents the first CLO that Audax Private Debt priced in 2025 and follows the $500 million second reset of Audax Senior Debt CLO 1 in November of 2024. The closing of CLO 12 marks Audax’ 15th CLO transaction and brings the platform assets under management (AUM) to $5 billion across 10 active transactions.

“We are thrilled with the strong support from both new and existing investors in Audax Senior Debt CLO 12,” said Sean O’Keefe, Managing Director. “We believe the transaction being oversubscribed underscores the confidence in our middle market investment strategy and highlights the trust our investors place in our expertise.”

“As Audax Private Debt celebrates its 25th year, we look forward to building on our steady momentum and remain committed to delivering innovative solutions that meet the evolving needs of our investors and clients,” added Dinko Angelov, Managing Director. “Our tenure is attributable to our consistent focus on the middle market, disciplined underwriting and credit-first approach, and the strong relationships we’ve formed with sponsors over two and a half decades.”

CLO 12 is backed by a fully ramped portfolio of senior secured middle market loans and will have a four-year reinvestment and two-year non-call period. The CLO’s capital structure includes seven classes of notes rated AAA through BB- by Standard & Poor’s, with Audax retaining the majority of the subordinated notes. This transaction represents the tightest AAA print across the history of the platform.