Chicago, Sept. 14 – Sancus Credit Advisors LP sold $135.625 million in a collateralized loan obligation being issued by Trysail CLO 2022-1 Ltd./Trysail CLO 2022-1 LLC, according to a presale report.
The notes will mature on Oct. 20, 2033.
The CLO consists of $82.5 million of class A senior secured floating-rate notes at SOFR plus 265 basis points, $19.95 million of class B senior secured floating-rate notes at SOFR plus 350 bps, $6.875 million of class C senior secured deferrable floating-rate notes at SOFR plus 475 bps, $7.5 million of class D senior secured deferrable floating-rate notes at SOFR plus 567 bps, $5 million of class E senior secured deferrable floating-rate notes at SOFR plus 908 bps and $13.8 million of subordinated notes.
Sancus Credit Advisors LP will manage the collateral through the end of the reinvestment period on Oct. 20, 2026.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Oct. 20, 2024.
Jefferies LLC was the placement agent.
The collateral manager is a subsidiary of Sancus Capital Management LP. Sancus is an alternative asset manager based in New York.
| Issuer: | Trysail CLO 2022-1 Ltd./Trysail CLO 2022-1 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $135,625,000
|
| Maturity: | Oct. 20, 2033
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Sancus Credit Advisors LP
|
| Call feature: | Oct. 20, 2024
|
| Settlement date: | Sept. 29
|
|
|
| Class A notes
|
| Amount: | $82.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $19.95 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 350 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $6.875 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 475 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $7.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 567 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 908 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $13.8 million
|
| Securities: | Subordinated notes
|
|
|
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