Chicago, July 25 – Credit Suisse Asset Management, LLC refinanced and extended for $395.8 million the collateralized loan obligation issued by Madison Park Funding LXII, Ltd., according to press releases.
The notes will mature on July 17, 2036.
The CLO consists of $256 million of class A-R senior floating-rate notes at SOFR plus 185 basis points, $45.2 million of class B-R senior floating-rate notes at SOFR plus 260 bps, $24 million of class C-R deferrable mezzanine floating-rate notes at SOFR plus 300 bps, $24 million of class D-R deferrable mezzanine floating-rate notes at SOFR plus 585 bps, $13.6 million of class E-R deferrable mezzanine floating-rate notes at SOFR plus 887 bps, $1 million of class F-R deferrable mezzanine floating-rate notes at SOFR plus 950 bps and $32 million of subordinated notes.
Credit Suisse Asset Management, LLC will manage the collateral through the end of the reinvestment period in five years.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Credit Suisse was part of the acquisition of UBS Group AG since June 12, 2023.
| Issuer: | Madison Park Funding LXII, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $395.8 million
|
| Maturity: | July 17, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Credit Suisse Asset Management, LLC
|
| Call feature: | Extended
|
| Pricing date: | July 17
|
|
|
| Class A-R notes
|
| Amount: | $256 million
|
| Securities: | Senior floating-rate notes
|
| Coupon: | SOFR plus 185 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
|
| Amount: | $45.2 million
|
| Securities: | Senior floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C-R notes
|
| Amount: | $24 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Fitch: A
|
|
|
| Class D-R notes
|
| Amount: | $24 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | SOFR plus 585 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E-R notes
|
| Amount: | $13.6 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | SOFR plus 887 bps
|
| Rating: | Fitch: BB
|
|
|
| Class F-R notes
|
| Amount: | $1 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | SOFR plus 950 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $32 million
|
| Securities: | Subordinated notes
|
|
|
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