Chicago, May 18 – Credit Suisse Asset Management Ltd. refinanced three classes of notes from the Madison Park Euro Funding V DAC collateralized loan obligation offering due May 15, 2031, according to a notice.
The €206.3 million transaction includes €181.3 million of class A senior secured floating-rate notes at Euribor plus 68 basis points, €10 million of class B2 senior secured floating-rate notes at Euribor plus 175 bps and €15 million of class D senior secured deferrable floating-rate notes at Euribor plus 310 bps.
Credit Suisse Asset Management will manage the collateral through the end of the reinvestment period in May 2022.
Most of the collateral must come from senior secured loans or senior secured bonds.
Credit Suisse Asset Management is a unit of Credit Suisse Group AG.
| Issuer: | Madison Park Euro Funding V DAC
|
| Issue: | Floating-rate notes
|
| Amount: | €206.3 million
|
| Maturity: | May 15, 2031
|
| Structure: | Cash flow CLO
|
| Manager: | Credit Suisse Asset Management Ltd.
|
| Pricing date: | April 30
|
| Settlement date: | June 4
|
|
|
| Class A notes
|
| Amount: | €181.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 68 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 175 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class D notes
|
| Amount: | €15 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 310 bps
|
| Rating: | Moody's: Baa2
|
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