Chicago, Feb. 23 – CELF Advisors LLP refinanced for €372.4 million the collateralized loan obligation issued by Carlyle Global Market Strategies Euro CLO 2015-2 DAC, according to multiple press releases.
The notes will mature on Nov. 12, 2035.
The refinanced CLO consists of €248 million of class A-1-RR senior secured floating-rate notes at Euribor plus 94 basis points, €26.5 million of class A-2A-RR senior secured floating-rate notes at Euribor plus 175 bps, €12.5 million of class A-2B-RR senior secured floating-rate notes at Euribor plus 215 bps, €24.4 million of class B-RR senior secured deferrable floating-rate notes at Euribor plus 250 bps, €29.6 million of class C-RR senior secured deferrable floating-rate notes at Euribor plus 370 bps, €20.2 million of class D-RR senior secured deferrable floating-rate notes at Euribor plus 665 bps and €11.2 million of class E-RR senior secured deferrable floating-rate notes at Euribor plus 901 bps.
The subordinated note class was increased slightly.
CELF Advisors LLP will manage the collateral through the end of the 4.7-year reinvestment period.
Collateral consists of corporate rescue loans, senior, mezzanine, second-lien loans and high-yield bonds.
Jefferies International Ltd. was the placement agent.
The asset management firm is an affiliate of the Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle Global Market Strategies Euro CLO 2015-2 DAC
|
| Issue: | Floating-rate notes
|
| Amount: | €372.4 million
|
| Maturity: | Nov. 12, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies International Ltd.
|
| Manager: | CELF Advisors LLP
|
| Settlement date: | Feb. 22
|
|
|
| Class A-1-RR notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 94 bps
|
| Rating: | Moody's: Aaa
|
| S&P: AAA
|
|
|
| Class A-2A-RR notes
|
| Amount: | €26.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 175 bps
|
| Rating: | Moody's: Aa2
|
| S&P: AA
|
|
|
| Class A-2B-RR notes
|
| Amount: | €12.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 215 bps
|
| Rating: | Moody's: Aa2
|
| S&P: AA
|
|
|
| Class B-RR notes
|
| Amount: | €24.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 250 bps
|
| Rating: | Moody's: A2
|
| S&P: A
|
|
|
| Class C-RR notes
|
| Amount: | €29.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 370 bps
|
| Rating: | Moody's: Baa3
|
| S&P: BBB-
|
|
|
| Class D-RR notes
|
| Amount: | €20.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 665 bps
|
| Rating: | Moody's: Ba3
|
| S&P: BB-
|
|
|
| Class E-RR notes
|
| Amount: | €11.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 901 bps
|
| Rating: | Moody's: B3
|
| S&P: B-
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
