Chicago, April 30 – Crescent Capital Group LP refinanced five classes of notes from its 2019 Atlas Senior Loan Fund XIII, Ltd./Atlas Senior Loan Fund XIII, LLC transaction, according to a notice.
The $185 million of refinancing notes continue to mature on April 22, 2031.
The refinancing part of the portfolio has $68 million of class A-1-N-R senior secured floating-rate notes at Libor plus 108 basis points, $32 million of class A-1-F-R 1.66% senior secured fixed-rate notes, $37.5 million of class B-N-R senior secured floating-rate notes at Libor plus 160 bps, $15 million of class B-F-R 2.6% senior secured fixed-rate notes and $32.5 million of class C-R senior secured deferrable floating-rate notes at Libor plus 265 bps.
Originally, the CLO priced $1.5 million of class X senior secured floating-rate notes at Libor plus 100 bps; $225 million of class A-1L senior secured floating-rate notes at Libor plus 145 bps; $10.83 million of class A-1N senior secured deferrable floating-rate notes at Libor plus 145 bps; $45.45 million of class A-2AN floating-rate notes at Libor plus 141 bps, $36.55 million of 3.95% class A-2AF fixed-rate notes and $7.13 million of 4.32% class A-2BF fixed-rate notes.
The CLO also originally sold $37.5 million of class B-N senior secured deferrable floating-rate notes at Libor plus 205 bps; $15 million of 4.48% class B-F senior secured deferrable fixed-rate notes; $32.5 million of class C floating-rate notes at Libor plus 290 bps, $25 million of class D senior secured deferrable floating-rate notes at Libor plus 411 bps, $25 million of class E floating-rate notes at Libor plus 695 bps and $47.7 million of subordinated notes.
Crescent Capital Group is the collateral manager.
Crescent Capital is an alternative asset management firm based in Los Angeles.
| Issuers: | Atlas Senior Loan Fund XIII, Ltd./Atlas Senior Loan Fund XIII, LLC
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| Issue: | Floating-rate and fixed-rate notes
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| Structure: | Cash flow CLO
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| Amount: | $185 million
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| Maturity: | April 22, 2031
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| Manager: | Crescent Capital Group LP
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| Announcement date: | April 21
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| Class A-1-N-R notes
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| Amount: | $68 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 108 bps
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| Rating: | Moody's: Aaa
|
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| Class A-1-F-R notes
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| Amount: | $32 million
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| Securities: | Senior secured fixed-rate notes
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| Coupon: | 1.66%
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| Rating: | Moody's: Aaa
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| Class B-N-R notes
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| Amount: | $37.5 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 160 bps
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| Class B-F-R notes
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| Amount: | $15 million
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| Securities: | Senior secured fixed-rate notes
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| Coupon: | 2.6%
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| Class C-R notes
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| Amount: | $32.5 million
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| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 265 bps
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