Chicago, Sept. 3 – Hayfin Capital Management LLC sold $440.4 million in a collateralized loan obligation being issued by Hayfin US XIV Ltd./Hayfin US XIV LLC, according to a pre-sale report.
The notes will mature on July 20, 2034.
The CLO consists of $290 million of class A-1 senior secured floating-rate notes at Libor plus 123 basis points, $10 million of class A-F 2.26% senior secured fixed-rate notes, $64.8 million of class B senior secured floating-rate notes at Libor plus 189 bps, $28.8 million of class C senior secured deferrable floating-rate notes at Libor plus 245 bps, $28.8 million of class D senior secured deferrable floating-rate notes at Libor plus 365 bps, $18 million of class E senior secured deferrable floating-rate notes at Libor plus 718 bps and$ 47.37 of subordinated notes.
Hayfin Capital Management LLC will manage the collateral through the end of the reinvestment period on July 20, 2034.
The notes can be called starting July 20, 2023.
Jefferies LLC was the placement agent.
The CLO manager is part of London-based alternative asset management firm Hayfin Capital Management LLP, which merged with New York-based Kingsland Capital Management, LLC in 2018.
| Issuer: | Hayfin US XIV Ltd./Hayfin US XIV LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $440.4 million
|
| Maturity: | July 20, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Hayfin Capital Management LLC
|
| Call feature: | July 20, 2023
|
| Settlement date: | Aug. 20
|
|
|
| Class A-1 notes
|
| Amount: | $290 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 123 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-F notes
|
| Amount: | $10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.26%
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $64.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 189 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $28.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 245 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $28.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 365 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $18 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 718 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $ 47.37
|
| Securities: | Subordinated notes
|
|
|
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