Chicago, April 28 – Blackstone Liquid Credit Strategies LLC refinanced one class of notes for $612.5 million from the Catskill Park CLO, Ltd./Catskill Park CLO, LLC transaction, according to a notice.
The CLO refinanced the class A-1-a-R notes at Libor plus 95 basis points (originally 118 bps).
Five other classes from the original CLO will remain outstanding, with a class of subordinated notes.
The notes are still due April 20, 2029.
Blackstone Liquid Credit Strategies LLC will manage the collateral during the remainder of the reinvestment period, scheduled to end April 20, 2022.
The notes are collateralized by a portfolio of broadly syndicated senior secured corporate loans.
The notes originally listed GSO/Blackstone Debt Funds Management LLC as issuer.
The New York City-based firm is a subsidiary of Blackstone Group LP.
| Issuers: | Catskill Park CLO, Ltd./Catskill Park CLO, LLC
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| Issue: | Floating-rate notes
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| Structure: | Cash flow CLO
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| Amount: | $612.5 million
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| Maturity: | April 20, 2029
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| Manager: | Blackstone Liquid Credit Strategies LLC
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| Pricing date: | April 16
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| Settlement date: | April 20
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| Class A-1a notes
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| Amount: | $612.5 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 95 bps
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| Ratings: | Moody’s: Aaa
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