Chicago, Nov. 9 – Blackstone Ireland Ltd. sold €404 million in a collateralized loan obligation issued by Rockfield Park CLO DAC, according to multiple notices.
The notes will mature on July 17, 2034.
The CLO consists of €2 million of class X senior secured floating-rate notes at Euribor plus 45 basis points, €243.5 million of class A-1 senior secured floating-rate notes at Euribor plus 90 bps, €26 million of class A-2A senior secured floating-rate notes at Euribor plus 150 bps, €14.5 million of class A-2B 2% senior secured fixed-rate notes, €26.5 million of class B senior secured deferrable floating-rate notes at Euribor plus 200 bps, €28.5 million of class C senior secured deferrable floating-rate notes at Euribor plus 300 bps, €21 million of class D senior secured deferrable floating-rate notes at Euribor plus 595 bps, €12 million of class E senior secured deferrable floating-rate notes at Euribor plus 869 bps and €30 million of subordinated notes.
Blackstone Ireland Ltd. will manage the collateral through the end of the four-year reinvestment period.
Collateral for the notes come from senior secured loans and senior secured bonds.
Merrill Lynch International was the placement agent.
The Dublin-based manager is an affiliate of Blackstone Group LP.
| Issuer: | Rockfield Park CLO DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €404 million
|
| Maturity: | July 17, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Merrill Lynch International
|
| Manager: | Blackstone Ireland Ltd.
|
| Settlement date: | July 28
|
|
|
| Class X notes
|
| Amount: | €2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 45 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1 notes
|
| Amount: | €243.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 90 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2A notes
|
| Amount: | €26 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 150 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class A-2B notes
|
| Amount: | €14.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2%
|
| Rating: | Moody's: Aa2
|
|
|
| Class B notes
|
| Amount: | €26.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 200 bps
|
| Rating: | Moody's: A2
|
|
|
| Class C notes
|
| Amount: | €28.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 300 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class D notes
|
| Amount: | €21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 595 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Class E notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 869 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | €30 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.
