Chicago, Feb. 17 – HPS Investment Partners CLO (UK) LLP reset for €433.9 million the collateralized loan obligation issued by Segovia European CLO 3-2017 DAC, according to multiple releases.
The notes will mature on Jan. 25, 2035.
The reset CLO consists of €248 million of class A-R senior secured floating-rate notes at Euribor plus 95 basis points, €30 million of class B-1-R senior secured floating-rate notes at Euribor plus 175 bps, €10 million of class B-2-R 2.3% senior secured fixed-rate notes, €28 million of class C-R senior secured deferrable floating-rate notes at Euribor plus 275 bps, €26 million of class D-R senior secured deferrable floating-rate notes at Euribor plus 400 bps, €20 million of class E-R senior secured deferrable floating-rate notes at Euribor plus 636 bps, €11 million of class F-R senior secured deferrable floating-rate notes at Euribor plus 903 bps, €0.1 million of class Z-1 notes, €5 million of class Z-2 notes, €0.1 million of class Z-3 notes and €55.7 million of subordinated notes.
HPS Investment Partners CLO (UK) LLP will manage the collateral through the end of the 4.4-year reinvestment period.
The collateral pool will be made of euro-denominated senior secured loans and bonds issued by speculative-grade borrowers.
Merrill Lynch International was the placement agent.
The original name of the issuer was Halcyon Loan Advisors European Funding 2017-1 DAC.
HPS was previously managed under Bardin Hill Loan Advisors (UK) LLP.
HPS is a London-based investment firm.
Issuer: | Segovia European CLO 3-2017 DAC
|
Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
Amount: | €433.9 million
|
Maturity: | Jan. 25, 2035
|
Structure: | Cash flow CLO
|
Placement agent: | Merrill Lynch International
|
Manager: | HPS Investment Partners CLO (UK) LLP
|
Settlement date: | March 4
|
|
Class A-R notes
|
Amount: | €248 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 95 bps
|
Rating: | Moody's: Aaa
|
| S&P: AAA
|
|
Class B-1-R notes
|
Amount: | €30 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 175 bps
|
Rating: | Moody's: Aa2
|
| S&P: AA
|
|
Class B-2-R notes
|
Amount: | €10 million
|
Securities: | Senior secured fixed-rate notes
|
Coupon: | 2.3%
|
Rating: | Moody's: Aa2
|
| S&P: AA
|
|
Class C-R notes
|
Amount: | €28 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 275 bps
|
Rating: | Moody's: A2
|
| S&P: A
|
|
Class D-R notes
|
Amount: | €26 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 400 bps
|
Rating: | Moody's: Baa3
|
| S&P: BBB-
|
|
Class E-R notes
|
Amount: | €20 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 636 bps
|
Rating: | Moody's: Ba3
|
| S&P: BB-
|
|
Class F-R notes
|
Amount: | €11 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 903 bps
|
Rating: | Moody's: B3
|
| S&P: B-
|
|
Class Z-1 notes
|
Amount: | €0.1 million
|
Securities: | Notes
|
|
Class Z-2 notes
|
Amount: | €5 million
|
Securities: | Notes
|
|
Class Z-3 notes
|
Amount: | €0.1 million
|
Securities: | Notes
|
|
Subordinated notes
|
Amount: | €55.7 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.