Chicago, April 9 – Carlyle CLO Management LLC sold $529.5 million in a broadly syndicated loan obligation transaction with Carlyle US CLO 2021-3S Ltd./Carlyle US CLO 2021-3S LLC listed as issuers, according to a pre-sale report.
The notes mature April 15, 2034.
Included in the portfolio are $310 million of class A-1 senior secured floating-rate notes at Libor plus 106 basis points and $70 million of class A-2 senior secured floating-rate notes at Libor plus 150 bps.
Lower, there are $30 million of class B senior secured deferrable floating-rate notes at Libor plus 165 bps, $56.25 million of class C 2.25% senior secured deferrable fixed-rate notes and $21.25 million of class D 5% senior secured deferrable fixed-rate notes,
There are also $42 million of subordinated notes.
Collateral for the notes comes primarily from senior secured loans, cash and eligible investments.
Carlyle CLO Management will manage the collateral through April 15, 2026, the end of the reinvestment period.
The notes can be called after April 15, 2023.
Citibank Global Markets Inc. is the initial purchaser.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuers: | Carlyle US CLO 2021-3S Ltd./Carlyle US CLO 2021-3S LLC
|
| Issue: | Floating-rate, fixed-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Amount: | $529.5 million
|
| Maturity: | April 15, 2034
|
| Agent: | Citibank Global Markets Inc.
|
| Manager: | Carlyle CLO Management LLC
|
| Call: | April 15, 20234
|
| Announcement date: | March 30
|
| Settlement date: | March 31
|
|
|
| Class A-1 notes
|
| Amount: | $310 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 106 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $70 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 150 bps
|
| Rating: | S&P: AA
|
|
|
| Class B notes
|
| Amount: | $30 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 165 bps
|
| Rating: | S&P: A
|
|
|
| Class C notes
|
| Amount: | $56.25 million
|
| Securities: | Senior secured deferrable fixed-rate notes
|
| Coupon: | 2.25%
|
|
|
| Class D notes
|
| Amount: | $21.25 million
|
| Securities: | Senior secured deferrable fixed-rate notes
|
| Coupon: | 5%
|
|
|
| Subordinated notes
|
| Amount: | $42 million
|
| Securities: | Subordinated notes
|
© 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.
