Chicago, May 11 – Intermediate Capital Managers Ltd. refinanced one class of notes from the 2014 vintage St. Paul’s CLO V DAC transaction, according to a notice.
Continuing with a Feb. 20, 2030 maturity date, the €201 million of class A-R senior secured floating-rate notes have a Euribor plus 71 basis points coupon.
Previously, the class A-R notes had a 90 bps coupon.
Most of the collateral for the portfolio must be comprised of senior secured loans or senior secured bonds.
Intermediate Capital Management will select the collateral through the end of August 2021 when the reinvestment period ends.
Intermediate Capital Managers is a London-based investment management firm.
| Issuer: | St. Paul’s CLO V DAC
|
| Issue: | Floating-rate notes
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| Structure: | Cash flow CLO
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| Amount: | €201 million
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| Maturity: | Feb. 20, 2030
|
| Manager: | Intermediate Capital Managers Ltd. r
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| Settlement date: | May 13
|
|
|
| Class A-R notes
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| Amount: | €201 million
|
| Securities: | Senior secured floating-rate notes
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| Coupon: | Euribor plus 71 bps
|
| Ratings: | Moody’s: Aaa
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