Chicago, March 18 – Vibrant Capital Partners, Inc. sold $457.9 million in a collateralized loan obligation issued by Vibrant CLO XV, Ltd., according to a press release and a listing notice.
The notes will mature on Jan. 22, 2035.
The CLO consists of $283.5 million of class A-1A senior secured floating-rate notes at Libor plus 119 basis points, $13.5 million of class A-1B senior secured floating-rate notes at Libor plus 145 bps, $45 million of class A-2 senior secured floating-rate notes, $15 million of class B-1 secured deferrable floating-rate notes, $9.8 million of class B-2 3.75% secured deferrable fixed-rate notes, $25.9 million of class C secured deferrable floating-rate notes, $7.9 million of class D-1 secured deferrable floating-rate notes, $13.5 million of class D-2 secured deferrable floating-rate notes and $43.8 million of subordinated notes.
Vibrant Capital Partners, Inc. will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of syndicated senior secured corporate loans.
Citigroup Global Markets Inc. was the placement agent.
Vibrant Capital Partners is an asset management firm based in New York. The firm was previously called DFG Investment Advisors.
Issuer: | Vibrant CLO XV, Ltd.
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Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
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Amount: | $457.9 million
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Maturity: | Jan. 22, 2035
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Structure: | Cash flow CLO
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Placement agent: | Citigroup Global Markets Inc.
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Manager: | Vibrant Capital Partners, Inc.
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Settlement date: | Dec. 14, 2021
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Class A-1A notes
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Amount: | $283.5 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 119 bps
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Rating: | Moody's: Aaa
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Class A-1B notes
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Amount: | $13.5 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 145 bps
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Rating: | Moody's: Aaa
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Class A-2 notes
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Amount: | $45 million
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Securities: | Senior secured floating-rate notes
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Rating: | Moody's: Aa2
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Class B-1 notes
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Amount: | $15 million
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Securities: | Secured deferrable floating-rate notes
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Rating: | Moody's: A2
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Class B-2 notes
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Amount: | $9.8 million
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Securities: | Secured deferrable fixed-rate notes
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Coupon: | 3.75%
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Rating: | Moody's: A2
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Class C notes
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Amount: | $25.9 million
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Securities: | Secured deferrable floating-rate notes
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Rating: | Moody's: Baa3
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Class D-1 notes
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Amount: | $7.9 million
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Securities: | Secured deferrable floating-rate notes
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Rating: | Moody's: Ba1
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Class D-2 notes
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Amount: | $13.5 million
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Securities: | Secured deferrable floating-rate notes
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Rating: | Moody's: Ba3
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Subordinated notes
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Amount: | $43.8 million
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Securities: | Subordinated notes
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