Chicago, April 16 – Credit Suisse Asset Management, LLC repriced four classes of notes for €525.2 million from the Madison Park Funding XXV Ltd./Madison Park Funding XXV, LLC, according to a notice and a supplemental indenture.
The refinancing notes are the €366 million of class A-1-R senior secured floating-rate notes at Euribor plus 97 basis points, €90 million of class A-2-R senior secured floating-rate notes at Euribor plus 165 bps, €31 million of class B-R senior secured deferrable floating-rate notes at Euribor plus 210 bps and €38.2 million of class C-R senior secured deferrable floating-rate notes at Euribor plus 335 bps.
The class D, class E and subordinated notes from the original transaction will remain outstanding.
BNP Paribas Securities Corp. is the placement agent and initial purchaser for the refinancing notes.
Credit Suisse remains the portfolio manager.
Credit Suisse Asset Management is a unit of Credit Suisse Group AG.
| Issuers: | Madison Park Funding XXV Ltd./Madison Park Funding XXV, LLC
|
| Issue: | Floating-rate notes
|
| Structure: | Cash flow CLO
|
| Amount: | €525.2 million
|
| Maturity: | April 2029
|
| Agent: | BNP Paribas Securities Corp.
|
| Manager: | Credit Suisse Asset Management, LLC
|
| Pricing date: | April 12
|
| Settlement date: | April 13
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class A-1-R notes
|
| Amount: | €366 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 97 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2-R notes
|
| Amount: | €90 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 165 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-R notes
|
| Amount: | €31 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 210 bps
|
| Rating: | Moody's: A2
|
|
|
| Class C-R notes
|
| Amount: | €38.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 335 bps
|
| Rating: | Moody's: Baa3
|
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