Chicago, June 21 – Sculptor Europe Loan Management Ltd. sold €312.7 million of notes and loans in the transaction issued by Sculptor European CLO VIII DAC, according to a notice.
The CLO matures July 17, 2034.
The portfolio consists of €91.5 million of class A senior secured floating-rate notes at Euribor plus 88 basis points, €93 million of class A senior secured floating-rate loans at Euribor plus 88 bps, €18.5 million of class B-1 senior secured floating-rate notes at Euribor plus 170 bps and €10 million of class B-2 2% senior secured fixed-rate notes.
Additionally, there are €24 million of class C senior secured deferrable floating-rate notes at Euribor plus 225 bps, €18.8 million of class D senior secured deferrable floating-rate notes at Euribor plus 325 bps, €15 million of class E senior secured deferrable floating-rate notes at Euribor plus 630 bps and €9 million of class F senior secured deferrable floating-rate notes at Euribor plus 875 bps.
There are €24.9 million of subordinated notes and €8 million of class Z notes.
Bank of America Merrill Lynch, London Branch is the arranger.
Most of the collateral comes from senior secured obligations.
There is a 4.5-year reinvestment period. Sculptor Europe will manage the collateral.
The London-based firm is part of Sculptor Capital Management, Inc.
| Issuer: | Sculptor European CLO VIII DAC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and subordinated notes
|
| Amount: | €312.7 million
|
| Maturity: | July 17, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Bank of America Merrill Lynch, London Branch
|
| Manager: | Sculptor Europe Loan Management Ltd.
|
| Settlement date: | June 15
|
|
|
| Class A notes
|
| Amount: | €91.5 million
|
| Securities: | Senior Secured floating-rate notes
|
| Coupon: | Euribor plus 88 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A loans
|
| Amount: | €93 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | Euribor plus 88 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | €18.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 170 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2%
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | €24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 225 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | €18.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 325 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | €15 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 630 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Class F notes
|
| Amount: | €9 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 875 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | €24.9 million
|
| Securities: | Subordinated notes
|
|
|
| Class Z notes
|
| Amount: | €8 million
|
| Securities: | Class Z notes
|
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