By Cristal Cody
Tupelo, Miss., Oct. 23 – CVC Credit Partners, LLC priced $25 million of notes due July 16, 2031 in a partial second refinancing of a vintage 2015 collateralized loan obligation offering, according to market sources.
Apidos CLO XX/Apidos CLO XX LLC sold $25 million of 1.589% class A-1RR-B fixed-rate notes (//AAA).
Barclays was the refinancing agent.
The CLO originally was issued on Feb. 12, 2015 and was first refinanced on July 16, 2018.
In the first refinancing, $25 million of class A-1R-B notes were priced with a 4.01% coupon.
The CLO is backed primarily by broadly syndicated first-lien senior secured corporate loans.
Proceeds were used to redeem the outstanding class A-1R-B notes.
The subsidiary of London-based CVC Capital Partners Ltd. is based in New York City.
| Issuer: | Apidos CLO XX/Apidos CLO XX LLC
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| Amount: | $25 million refinancing
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| Maturity: | July 16, 2031
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| Securities: | Class A-1RR-B fixed-rate notes
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| Structure: | Cash flow CLO
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| Refinancing agent: | Barclays
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| Manager: | CVC Credit Partners, LLC
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| Coupon: | 1.589%
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| Pricing date: | Oct. 8
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| Settlement date: | Oct. 23
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| Ratings: | Fitch: AAA
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