Chicago, Feb. 22 – Sculptor Europe Loan Management Ltd. sold €415.6 million in a collateralized loan obligation being issued by Sculptor European CLO IX DAC, according to multiple releases.
The notes will mature on Oct. 10, 2034.
The CLO consists of €248 million of class A senior secured floating-rate notes at Euribor plus 92 basis points, €27 million of class B-1 senior secured floating-rate notes at Euribor plus 175 bps, €13 million of class B-2 2.15% senior secured fixed-rate notes, €24 million of class C senior secured deferrable floating-rate notes at Euribor plus 220 bps, €28 million of class D senior secured deferrable floating-rate notes at Euribor plus 335 bps, €21 million of class E senior secured deferrable floating-rate notes at Euribor plus 632 bps, €12 million of class F senior secured deferrable floating-rate notes at Euribor plus 901 bps, €8 million of class Z senior notes and €34.6 million of subordinated notes.
Sculptor Europe Loan Management Ltd. will manage the collateral through the end of the 4.6-year reinvestment period.
The collateral will consist primarily of senior secured obligations.
BNP Paribas was the placement agent.
The London-based firm is part of Sculptor Capital Management, Inc.
| Issuer: | Sculptor European CLO IX DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €415.6 million
|
| Maturity: | Oct. 10, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | BNP Paribas
|
| Manager: | Sculptor Europe Loan Management Ltd.
|
| Settlement date: | March 10
|
|
|
| Class A notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 92 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €27 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 175 bps
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €13 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.15%
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 220 bps
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €28 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 335 bps
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 632 bps
|
| Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 901 bps
|
| Rating: | Moody's: B3
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €34.6 million
|
| Securities: | Subordinated notes
|
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