Chicago, April 6 – Anchorage Capital Group, LLC sold $457.4 million in a collateralized loan obligation issued by Anchorage Capital CLO 24, Ltd., according to a new issue report and a press release.
The notes will mature on April 17, 2034.
The CLO consists of $270 million of class A-1 senior secured floating-rate notes at SOFR plus 148 basis points, $18 million of class A-2 senior secured floating-rate notes at SOFR plus 170 bps, $54 million of class B senior secured floating-rate notes at SOFR plus 205 bps, $27 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 260 bps, $13.5 million of class D-1 mezzanine secured deferrable floating-rate notes at SOFR plus 357 bps, $13.5 million of class D-2 mezzanine secured deferrable floating-rate notes at SOFR plus 527 bps, $14.4 million of class E junior secured deferrable floating-rate notes at SOFR plus 786 bps and $47 million of subordinated notes.
Anchorage Capital Group, LLC will manage the collateral through the end of the reinvestment period on three-year.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Goldman Sachs & Co. LLC was the placement agent.
Anchorage Capital is a global asset manager based in New York.
| Issuer: | Anchorage Capital CLO 24, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $457.4 million
|
| Maturity: | April 17, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Anchorage Capital Group, LLC
|
| Settlement date: | March 31
|
|
|
| Class A-1 notes
|
| Amount: | $270 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 148 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $18 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 170 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $54 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 205 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $27 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | Fitch: A
|
|
|
| Class D-1 notes
|
| Amount: | $13.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 357 bps
|
| Rating: | Fitch: BBB+
|
|
|
| Class D-2 notes
|
| Amount: | $13.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 527 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $14.4 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 786 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $47 million
|
| Securities: | Subordinated notes
|
|
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