Chicago, Jan. 28 – Anchorage CLO ECM, LLC sold €378 million in a collateralized loan obligation being issued by Anchorage Capital Europe CLO 5 DAC, according to multiple notices.
The notes will mature on July 17, 2034.
The CLO consists of €206.6 million of class A senior secured floating-rate notes at Euribor plus 102 basis points, €25.8 million of class B-1 senior secured floating-rate notes at Euribor plus 170 bps, €13.4 million of class B-2 2% senior secured fixed-rate notes, €26.9 million of class C senior secured deferrable floating-rate notes at Euribor plus 215 bps, €32.3 million of class D senior secured deferrable floating-rate notes at Euribor plus 320 bps, €23.1 million of class E senior secured deferrable floating-rate notes at Euribor plus 609 bps, €12.4 million of class F senior secured deferrable floating-rate notes at Euribor plus 865 bps and €37.5 million of subordinated notes.
Anchorage CLO ECM, LLC will manage the collateral through the end of the 4.7-year reinvestment period.
Most of the portfolio backing the notes will be senior secured obligations.
Jefferies International Ltd. was the placement agent.
The asset manager is based in New York City.
| Issuer: | Anchorage Capital Europe CLO 5 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €378 million
|
| Maturity: | July 17, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies International Ltd.
|
| Manager: | Anchorage CLO ECM, LLC
|
| Settlement date: | Nov. 18
|
|
|
| Class A notes
|
| Amount: | €206.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 102 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €25.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 170 bps
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €13.4 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2%
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €26.9 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 215 bps
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €32.3 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 320 bps
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €23.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 609 bps
|
| Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €12.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 865 bps
|
| Rating: | Moody's: B3
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €37.5 million
|
| Securities: | Subordinated notes
|
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