Chicago, Sept. 10 – Investcorp Credit Management US LLC reset for $429.125 million the collateralized loan obligation issued by Jamestown CLO IX Ltd./Jamestown CLO IX Corp., according to a pre-sale report.
The extended notes will mature on July 25, 2034.
The CLO now consists of $4 million of class X senior secured floating-rate notes at Libor plus 90 basis points, $247.5 million of class A-1-RR senior secured floating-rate notes at Libor plus 124 bps, $47.7 million of class A-2-RR senior secured floating-rate notes at Libor plus 185 bps, $29.7 million of class B-RR senior secured deferrable floating-rate notes at Libor plus 255 bps, $23.1 million of class C-RR senior secured deferrable floating-rate notes at Libor plus 390 bps, $15.3 million of class D-RR senior secured deferrable floating-rate notes at Libor plus 711 bps and $61.825 million of subordinated notes.
Investcorp Credit Management US LLC will manage the collateral through the end of the reinvestment period on Aug. 26, 2026.
The notes can be called starting Aug. 26, 2023.
MUFG Securities Americas Inc. was the placement agent.
The investment firm has offices in London, New York and Singapore.
| Issuer: | Jamestown CLO IX Ltd./Jamestown CLO IX Corp.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $429.125 million
|
| Maturity: | July 25, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | MUFG Securities Americas Inc.
|
| Manager: | Investcorp Credit Management US LLC
|
| Call feature: | Aug. 26, 2023
|
| Settlement date: | Aug. 26
|
|
|
| Class X notes
|
| Amount: | $4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 90 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1-RR notes
|
| Amount: | $247.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 124 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2-RR notes
|
| Amount: | $47.7 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 185 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-RR notes
|
| Amount: | $29.7 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 255 bps
|
| Rating: | S&P: A
|
|
|
| Class C-RR notes
|
| Amount: | $23.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 390 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class D-RR notes
|
| Amount: | $15.3 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 711 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $61.825 million
|
| Securities: | Subordinated notes
|
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