Chicago, March 19 – Blackstone CLO Management LLC priced $608.95 million in a collateralized loan obligation being issued by Peebles Park CLO Ltd./Peebles Park CLO LLC, according to a presale report.
The notes will mature on April 21, 2037.
The CLO consists of $384 million of class A senior secured floating-rate notes at SOFR plus 150 basis points, $48 million of class B-1 senior secured floating-rate notes at SOFR plus 200 bps, $24 million of class B-2 5.8% senior secured fixed-rate notes, $36 million of class C senior secured deferrable floating-rate notes at SOFR plus 240 bps, $36 million of class D senior secured deferrable floating-rate notes at SOFR plus 350 bps, $21.6 million of class E senior secured deferrable floating-rate notes at SOFR plus 645 bps and $59.35 million of subordinated notes.
Blackstone CLO Management LLC will manage the collateral through the end of the reinvestment period on April 21, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting April 21, 2026.
BNP Paribas Securities Corp. was the placement agent.
The issuer is a New York City-based firm.
| Issuer: | Peebles Park CLO Ltd./Peebles Park CLO LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $608.95 million
|
| Maturity: | April 21, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | BNP Paribas Securities Corp.
|
| Manager: | Blackstone CLO Management LLC
|
| Call feature: | April 21, 2026
|
| Pricing date: | March 14
|
| Settlement date: | March 20
|
|
|
| Class A notes
|
| Amount: | $384 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 150 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $24 million
|
| Securities: | Senior Secured fixed-rate notes
|
| Coupon: | 5.8%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $36 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $36 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 350 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $21.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 645 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $59.35 million
|
| Securities: | Subordinated notes
|
|
|
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