Chicago, Feb. 7 – Blackstone Ireland Ltd. sold €404.2 million in a collateralized loan obligation issued by Cabinteely Park CLO DAC, according to multiple notices.
The notes will mature on Aug. 15, 2034.
The CLO consists of €246 million of class A senior secured floating-rate notes at Euribor plus 97 basis points, €31 million of class B-1 senior secured floating-rate notes at Euribor plus 180 bps, €10 million of class B-2 2.2% senior secured fixed-rate notes, €24.2 million of class C senior secured deferrable floating-rate notes at Euribor plus 230 bps, €28.4 million of class D senior secured deferrable floating-rate notes at Euribor plus 335 bps, €21.4 million of class E senior secured deferrable floating-rate notes at Euribor plus 626 bps, €12 million of class F senior secured deferrable floating-rate notes at Euribor plus 888 bps and €31.2 million of subordinated notes.
Blackstone Ireland Ltd. will manage the collateral through the end of the 4.6-year reinvestment period.
The notes are backed by senior, mezzanine, second-lien loans, first-lien, last-out loans and high-yield bonds.
Credit Suisse International was the placement agent.
Dublin-based Blackstone Ireland is an investment manager.
| Issuer: | Cabinteely Park CLO DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €404.2 million
|
| Maturity: | Aug. 15, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Credit Suisse International
|
| Manager: | Blackstone Ireland Ltd.
|
| Settlement date: | Dec. 23
|
|
|
| Class A notes
|
| Amount: | €246 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 97 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €31 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 180 bps
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.2%
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €24.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 230 bps
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €28.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 335 bps
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €21.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 626 bps
|
| Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 888 bps
|
| Rating: | Moody's: B3
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €31.2 million
|
| Securities: | Subordinated notes
|
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