Chicago, Jan. 9 – Blackstone Ireland Ltd. sold €406.8 million of notes in a collateralized loan obligation issued by Wilton Park CLO DAC, according to listing information and multiple press releases.
The notes will mature on Nov. 25, 2036.
The CLO consists of €248 million of class A senior secured floating-rate notes at Euribor plus 170 basis points, €33 million of class B-1 senior secured floating-rate notes at Euribor plus 240 bps, €10 million of class B-2 6.1% senior secured fixed-rate notes, €23.1 million of class C senior secured deferrable floating-rate notes at Euribor plus 300 bps, €27.4 million of class D senior secured deferrable floating-rate notes at Euribor plus 520 bps, €16.3 million of class E senior secured deferrable floating-rate notes at Euribor plus 756 bps, €11.4 million of class F senior secured deferrable floating-rate notes at Euribor plus 951 bps and €37.6 million of subordinated notes.
Blackstone Ireland Ltd. will manage the collateral through the end of the 4.54-year reinvestment period.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans and bonds.
The notes can be called starting after 1.5 years.
The Dublin-based CLO manager is part of the Blackstone Group Inc.
| Issuer: | Wilton Park CLO DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €406.8 million
|
| Maturity: | Nov. 25, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Blackstone Ireland Ltd.
|
| Call feature: | 1.5 years
|
| Pricing date: | Nov. 2
|
| Settlement date: | Nov. 9
|
|
|
| Class A notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 170 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €33 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 240 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.1%
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €23.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 300 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €27.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 520 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €16.3 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 756 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €11.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 951 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €37.6 million
|
| Securities: | Subordinated notes
|
|
|
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