Chicago, July 8 – Alcentra Ltd. refinanced the Jubilee CLO 2013-X BV transaction for €420.25 million, according to a document.
The refinancing notes mature July 15, 2034.
In the portfolio, there are now €2.5 million of class X senior secured floating-rate notes at Euribor plus 30 basis points, €204.65 million of class A-1 senior secured floating-rate notes at Euribor plus 83 bps, €30 million of class A-2 senior secured floating-rate notes at Euribor plus 100 bps and €39.1 million of class B senior secured floating-rate notes at Euribor plus 170 bps.
Lower, there are €24.1 million of class C senior secured deferrable floating-rate notes at Euribor plus 245 bps, €26.1 million of class D senior secured deferrable floating-rate notes at Euribor plus 355 bps, €22.2 million of class E senior secured deferrable floating-rate notes at Euribor plus 604 bps and €11.1 million of class F senior secured deferrable floating-rate notes at Euribor plus 855 bps.
There are also €60.5 million of subordinated notes.
Jefferies International Ltd. was the placement agent.
The notes can be called after Nov. 18, 2022.
The reinvestment period ends Jan. 15, 2026.
The London-based global asset management firm is an indirect subsidiary of BNY Alcentra Group Holding, Inc.
| Issuer: | Jubilee CLO 2013-X BV
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | €420.25 million
|
| Maturity: | July 15, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies International Ltd.
|
| Manager: | Alcentra Ltd.
|
| Call feature: | Nov. 18, 2022
|
| Settlement date: | May 18
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class X notes
|
| Amount: | €2.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 30 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
| Price: | Par
|
|
|
| Class A-1 notes
|
| Amount: | €204.65 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 83 bps
|
| Rating: | S&P: AAA
|
| Price: | Par
|
|
|
| Class A-2 notes
|
| Amount: | €30 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 100 bps, subject to 2.1% cap
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
| Price: | Par
|
|
|
| Class B notes
|
| Amount: | €39.1 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 170 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
| Price: | Par
|
|
|
| Class C notes
|
| Amount: | €24.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 245 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
| Price: | Par
|
|
|
| Class D notes
|
| Amount: | €26.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 355 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
| Price: | Par
|
|
|
| Class E notes
|
| Amount: | €22.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 604 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
| Price: | 98.5
|
|
|
| Class F notes
|
| Amount: | €11.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 855 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
| Price: | 97
|
|
|
| Subordinated notes
|
| Amount: | €60.5 million
|
| Securities: | Subordinated notes
|
| Price: | 41.5
|
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