Chicago, March 22 – Kayne Anderson Capital Advisors, LP refinanced five classes of notes for $350.9 million from the Kayne CLO I, Ltd. cash flow collateralized loan obligation transaction, according to a notice.
The refinanced notes, still due July 15, 2031, are the $256 million of class A-R senior secured floating-rate notes at Libor plus 98 basis points, $37.9 million of class B-R senior secured floating-rate notes at Libor plus 140 bps, $22.5 million of class C-R senior secured floating-rate notes at Libor plus 175 bps, $27.5 million of class D-R mezzanine secured deferrable floating-rate notes at Libor plus 265 bps and $7 million of class F mezzanine secured deferrable floating-rate notes at Libor plus 760 bps.
Kayne Anderson Capital will continue to manage the collateral in the portfolio.
Collateral for the notes is mostly syndicated senior secured corporate loans.
One class of secured notes and one class of subordinated notes from the original portfolio will remain outstanding.
The alternative asset management firm is based in Los Angeles.
| Issuer: | Kayne CLO I, Ltd.
|
| Issue: | Floating-rate notes
|
| Structure: | Cash flow CLO
|
| Amount: | $350.9 million
|
| Maturity: | July 15, 2031
|
| Manager: | Kayne Anderson Capital Advisors, LP
|
| Announcement date: | March 17
|
|
|
| Class A-R notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 98 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
|
| Amount: | $37.9 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 140 bps
|
| Rating: | Moody's: Aa1
|
|
|
| Class C-R notes
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| Amount: | $22.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 175 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D-R notes
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| Amount: | $27.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 265 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class F notes
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| Amount: | $7 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 760 bps
|
| Rating: | Moody's: B3
|
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