Chicago, May 31 – Credit Suisse Asset Management Ltd. reset for €406.55 million the collateralized loan obligation issued by Madison Park Euro Funding XV DAC, according to multiple press releases.
The notes will now mature on Nov. 25, 2032.
The reset CLO consists of €218 million of class A-1-R floating-rate notes at Euribor plus 115 basis points, €30 million of class A-2-R floating-rate notes at Euribor plus 150 bps, €38.8 million of class B-R floating-rate notes at Euribor plus 215 bps, €22.2 million of class C-R floating-rate notes at Euribor plus 315 bps, €27.4 million of class D-R floating-rate notes at Euribor plus 450 bps, €19.7 million of class E-R floating-rate notes at Euribor plus 729 bps, €15.1 million of class F-R floating-rate notes at Euribor plus 991 bps and €35.35 million of subordinated notes.
Credit Suisse Asset Management Ltd. will manage the collateral through the end of the 5.15-year reinvestment period on 5.15-year.
Collateral for the notes consists of senior, mezzanine, second-lien loans, first-lien last-out loans and high-yield bonds.
Credit Suisse Asset Management is a subsidiary of Zurich-based Credit Suisse AG.
| Issuer: | Madison Park Euro Funding XV DAC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | €406.55 million
|
| Maturity: | Nov. 25, 2032
|
| Structure: | Cash flow CLO
|
| Manager: | Credit Suisse Asset Management Ltd.
|
| Settlement date: | May 25
|
|
|
| Class A-1-R notes
|
| Amount: | €218 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 115 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-2-R notes
|
| Amount: | €30 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 150 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-R notes
|
| Amount: | €38.8 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 215 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C-R notes
|
| Amount: | €22.2 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 315 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D-R notes
|
| Amount: | €27.4 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 450 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E-R notes
|
| Amount: | €19.7 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 729 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F-R notes
|
| Amount: | €15.1 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 991 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €35.35 million
|
| Securities: | Subordinated notes
|
|
|
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