York CLO-4 extends $40 million subordinated notes to April 2032

By Sarah Lizee

Olympia, Wash., March 19 – York CLO-4 Ltd./York CLO-4 LLC extended the maturity of its $40 million of subordinated notes to April 20, 2032 from Jan. 20, 2030, according to a notice.

The extension is part of York’s $368.4 million refinancing of 2016 CLO notes.

In the refinancing, York CLO-4 sold $2 million of class X-R senior floating-rate notes at Libor plus 75 basis points, $246.5 million of class A-1-R senior floating-rate notes at Libor plus 109 bps and $11.8 million of class A-2-R senior floating-rate notes at Libor plus 145 bps.

The CLO sold $43.8 million of class B-R senior floating-rate notes at Libor plus 155 bps, $23.9 million of class C-R deferrable mezzanine floating-rate notes at Libor plus 215 bps, $21.8 million of class D-R deferrable mezzanine floating-rate notes at Libor plus 315 bps and $18.6 million of class E-R deferrable junior floating-rate notes at Libor plus 675 bps.

The maturity was extended by two years to April 20, 2032 for these notes as well.

In the original $408 million transaction issued Dec. 13, 2016, the CLO sold $2 million of class X floating-rate notes at Libor plus 100 bps; $252 million of class A floating-rate notes at Libor plus 163 bps; $48 million of class B floating-rate notes at Libor plus 223 bps; $23 million of class C floating-rate notes at Libor plus 305 bps; $23 million of class D floating-rate notes at Libor plus 410 bps; $20 million of class E floating-rate notes at Libor plus 694 bps and $40 million of subordinated notes.

The New York City-based firm is a subsidiary of York Capital Management Global Advisors, LLC.

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