Chicago, April 19 – Neuberger Berman Europe Ltd. priced €304 million of notes in a collateralized loan obligation being issued by Neuberger Berman Loan Advisers Euro CLO 6 DAC, according to a presale report.
The notes will mature on July 15, 2037.
The CLO consists of €183 million of class A floating-rate notes at Euribor plus 147 basis points, €30.1 million of class B-1 floating-rate notes at Euribor plus 215 bps, €8 million of class B-2 5.75% fixed-rate notes, €16.8 million of class C floating-rate notes at Euribor plus 270 bps, €21 million of class D floating-rate notes at Euribor plus 395 bps, €13.5 million of class E floating-rate notes at Euribor plus 667 bps, €8.1 million of class F floating-rate notes at Euribor plus 821 bps and €23.5 million of subordinated notes.
Neuberger Berman Europe Ltd. will manage the collateral through the end of the reinvestment period on Jan. 15, 2029.
Collateral for the notes consists of syndicated speculative-grade senior secured term loans and bonds.
The notes can be called starting June 12, 2026.
J.P. Morgan Securities plc was the placement agent.
The managing firm is based in London.
| Issuer: | Neuberger Berman Loan Advisers Euro CLO 6 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €304 million
|
| Maturity: | July 15, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities plc
|
| Manager: | Neuberger Berman Europe Ltd.
|
| Call feature: | June 12, 2026
|
| Pricing date: | April 9
|
| Settlement date: | June 12
|
|
|
| Class A notes
|
| Amount: | €183 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 147 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €30.1 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 215 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | €8 million
|
| Securities: | Fixed-rate notes
|
| Coupon: | 5.75%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | €16.8 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 270 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | €21 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 395 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | €13.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 667 bps
|
| Rating: | S&P: BB-
|
|
|
| Class F notes
|
| Amount: | €8.1 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 821 bps
|
| Rating: | S&P: B-
|
|
|
| Subordinated notes
|
| Amount: | €23.5 million
|
| Securities: | Subordinated notes
|
|
|
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