Chicago, April 28 – CBAM CLO Management LLC refinanced $341.25 million of notes from the CBAM 2019-10 Ltd. transaction, according to a notice.
The five classes of refinancing notes are the $248 million of class A-1-R senior secured floating-rate notes at Libor plus 112 basis points, $7.5 million of class A-2-R senior secured floating-rate notes at Libor plus 135 bps, $39.5 million of class B-R deferrable floating-rate notes at Libor plus 175 bps, $20.5 million of class C-R deferrable floating-rate notes at Libor plus 230 bps and $25.75 million of class D-R senior secured deferrable floating-rate notes at Libor plus 350 bps.
The maturity date remains April 20, 2032.
CBAM CLO Management will manage the collateral through the end of the reinvestment period.
Collateral for the notes is a portfolio of broadly syndicated senior secured corporate loans.
The manager is a New York City-based portfolio company.
Issuer: | CBAM 2019-10 Ltd.
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Issue: | Floating-rate notes
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Structure: | Cash flow CLO
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Amount: | $341.25 million
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Maturity: | April 20, 2032
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Manager: | CBAM CLO Management LLC
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Announcement date: | April 20
|
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Class A-1-R notes
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Amount: | $248 million
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Securities: | Senior secured floating-rate notes
|
Coupon: | Libor plus 112 bps
|
Rating: | Moody's: Aaa
|
|
Class A-2-R notes
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Amount: | $7.5 million
|
Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 135 bps
|
|
Class B-R notes
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Amount: | $39.5 million
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Securities: | Deferrable floating-rate notes
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Coupon: | Libor plus 175 bps
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Rating: | Moody's: Aa2
|
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Class C-R notes
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Amount: | $20.5 million
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Securities: | Deferrable floating-rate notes
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Coupon: | Libor plus 230 bps
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Rating: | Moody's: A2
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Class D-R notes
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Amount: | $25.75 million
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Securities: | Deferrable floating-rate notes
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Coupon: | Libor plus 350 bps
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Rating: | Moody's: Baa3
|
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