By Cristal Cody
Tupelo, Miss., July 7 – Spire Management Ltd. priced €216.95 million of notes due Nov. 22, 2032 in a new broadly syndicated collateralized loan obligation transaction, according to market sources.
Aurium CLO VI DAC sold €124.75 million of class A floating-rate notes at Euribor plus 190 basis points and €25.5 million of class B floating-rate notes at Euribor plus 220 bps.
The CLO also sold €16 million of class C floating-rate notes at Euribor plus 280 bps, €13.2 million of class D floating-rate notes at Euribor plus 431 bps, €10.5 million of class E floating-rate notes at Euribor plus 700 bps and €27 million of subordinated notes.
BofA Securities Europe SA was the placement agent.
Spire Partners will manage the CLO.
The CLO is backed primarily by senior secured loans and bonds.
Spire is a fund management firm based in London.
| Issuer: | Aurium CLO VI DAC
|
| Amount: | €216.95 million
|
| Maturity: | Nov. 22, 2032
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities Europe SA
|
| Manager: | Spire Management Ltd.
|
|
|
| Class A notes
|
| Amount: | €124.75 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 190 bps
|
| Ratings: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | €25.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 220 bps
|
| Ratings: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €16 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 280 bps
|
| Ratings: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €13.2 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 431 bps
|
| Ratings: | S&P: BBB
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €10.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 700 bps
|
| Ratings: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Equity
|
| Amount: | €27 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
|
|
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