Chicago, Aug. 30 – Warwick Capital CLO Management LLC priced its first $400 million of notes in a collateralized loan obligation being issued by Warwick Capital CLO 1 Ltd./Warwick Capital CLO 1 LLC, according to a presale report.
The notes will mature on Oct. 20, 2036.
The CLO consists of $244 million of class A senior secured floating-rate notes at SOFR plus 210 basis points, $60 million of class B senior secured floating-rate notes at SOFR plus 280 bps, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 365 bps, $22 million of class D senior secured deferrable floating-rate notes at SOFR plus 560 bps, $12 million of class E senior secured deferrable floating-rate notes at SOFR plus 871 bps and $38 million of subordinated notes.
Warwick Capital CLO Management LLC will manage the collateral through the end of the reinvestment period on Oct. 20, 2028.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Sept. 27, 2025.
RBC Capital Markets LLC was the placement agent.
The collateral manager is a subsidiary of Warwick Capital Partners, a London and Stamford-based investment firm0.
| Issuer: | Warwick Capital CLO 1 Ltd./Warwick Capital CLO 1 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $400 million
|
| Maturity: | Oct. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | RBC Capital Markets LLC
|
| Manager: | Warwick Capital CLO Management LLC
|
| Call feature: | Sept. 27, 2025
|
| Pricing date: | Aug. 24
|
| Settlement date: | Sept. 27
|
|
|
| Class A notes
|
| Amount: | $244 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $60 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 280 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 365 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $22 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 560 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 871 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $38 million
|
| Securities: | Subordinated notes
|
|
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