Chicago, Oct. 26 – Spire Management Ltd. is preparing to offer €396.95 million of loans and notes in a collateralized loan obligation being issued by Aurium CLO XI DAC, according to .
The notes will mature on Jan. 18, 2038.
The CLO consists of €183 million of class A senior secured floating-rate loans, €65 million of class A senior secured floating-rate notes, €45 million of class B senior secured floating-rate notes, €22.5 million of class C senior secured deferrable floating-rate notes, €26.5 million of class D senior secured deferrable floating-rate notes, €18 million of class E senior secured deferrable floating-rate notes, €12 million of class F senior secured deferrable floating-rate notes and €24.95 million of subordinated notes.
Spire Management Ltd. will manage the collateral through the end of the 4.7-year reinvestment period.
Collateral for the notes consists of senior secured obligations.
Spire is a fund management firm based in London.
| Issuer: | Aurium CLO XI DAC
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | €396.95 million
|
| Maturity: | Jan. 18, 2038
|
| Structure: | Cash flow CLO
|
| Manager: | Spire Management Ltd.
|
| Pricing date: | Oct. 12
|
|
|
| Class A loans
|
| Amount: | €183 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | Euribor plus bps
|
| Rating: | Fitch: AAA
|
|
|
| Class A notes
|
| Amount: | €65 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | €45 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €22.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | €26.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €18 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €24.95 million
|
| Securities: | Subordinated notes
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
