Chicago, Feb. 4 – MidCap Financial Services Capital Management, LLC sold $602.47 million in a middle-market collateralized loan obligation issued by Woodmont 2021-8 Trust, according to multiple notices, including a listing notice.
The notes will mature on Jan. 18, 2034.
The CLO consists of $351 million of class A senior secured floating-rate notes at Libor plus 158 basis points, $29 million of class B-1 senior secured floating-rate notes at Libor plus 210 bps, $25 million of class B-2 3.36% senior secured fixed-rate notes, $48 million of class C senior secured floating-rate notes at Libor plus 280 bps, $39 million of class D senior secured floating-rate notes at Libor plus 415 bps, $36 million of class E senior secured floating-rate notes at Libor plus 850 bps and $74.465 million of certificates.
MidCap Financial Services Capital Management, LLC will manage the collateral through the end of the 4.1-year reinvestment period.
Collateral will be primarily first-lien senior secured middle-market loans.
Wells Fargo was the placement agent.
The Bethesda, Md.-based firm is managed by Apollo Capital Management, LP, a subsidiary of Apollo Global Management LLC.
| Issuer: | Woodmont 2021-8 Trust
|
| Issue: | Floating-rate notes, fixed-rate notes and certificates
|
| Amount: | $602.465 million
|
| Maturity: | Jan. 18, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo
|
| Manager: | MidCap Financial Services Capital Management, LLC
|
| Settlement date: | Dec. 17
|
|
|
| Class A notes
|
| Amount: | $351 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 158 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | $29 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 210 bps
|
| Rating: | Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | $25 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3.36%
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 280 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $39 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 415 bps
|
| Rating: | Fitch: BBB+
|
|
|
| Class E notes
|
| Amount: | $36 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 850 bps
|
| Rating: | Fitch: BB+
|
|
|
| Certificates
|
| Amount: | $74.465 million
|
| Securities: | Certificates
|
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