Chicago, Jan. 31 – Blackstone Ireland Ltd. reset for €422.8 million the collateralized loan obligation issued by Dunedin Park CLO DAC, according to multiple notices.
The notes will mature on Oct. 22, 2032.
The reset CLO consists of €2 million of class X-R senior secured floating-rate notes at Euribor plus 44 basis points, €248 million of class A-R senior secured floating-rate notes at Euribor plus 98 bps, €30 million of class B-1-R senior secured floating-rate notes at Euribor plus 178 bps, €10 million of class B-2-R 2% senior secured fixed-rate notes, €29 million of class C-R senior secured deferrable floating-rate notes at Euribor plus 225 bps, €24 million of class D-R senior secured deferrable floating-rate notes at Euribor plus 300 bps, €20 million of class E-R senior secured deferrable floating-rate notes at Euribor plus 626 bps, €12 million of class F-R senior secured deferrable floating-rate notes at Euribor plus 893 bps and €47.8 million of subordinated notes.
Blackstone Ireland Ltd. will manage the collateral through the end of the reinvestment period on May 20, 2026.
Most of the portfolio will be made of senior secured assets.
The notes can be called starting Nov. 20, 2023.
Deutsche Bank AG was the placement agent.
Dublin-based Blackstone Ireland is an investment manager.
| Issuer: | Dunedin Park CLO DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €422.8 million
|
| Maturity: | Oct. 22, 2032
|
| Structure: | Cash flow CLO
|
| Placement agent: | Deutsche Bank AG
|
| Manager: | Blackstone Ireland Ltd.
|
| Call feature: | Nov. 20, 2023
|
| Settlement date: | Nov. 15
|
|
|
| Class X-R notes
|
| Amount: | €2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 44 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-R notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 98 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1-R notes
|
| Amount: | €30 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 178 bps
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2-R notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2%
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C-R notes
|
| Amount: | €29 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 225 bps
|
| Price: | Par
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D-R notes
|
| Amount: | €24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 300 bps
|
| Price: | Par
|
| Rating: | S&P: BBB
|
| Fitch: BBB
|
|
|
| Class E-R notes
|
| Amount: | €20 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 626 bps
|
| Price: | 99
|
| Rating: | S&P: BB-
|
| Fitch: BB
|
|
|
| Class F-R notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 893 bps
|
| Price: | 97
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €47.8 million
|
| Securities: | Subordinated notes
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
