Chicago, Oct. 28 – Segovia Loan Advisors (UK) LLP (Bardin Hill Loan Advisors (UK) LLP) refinanced for €291.5 million the collateralized loan obligation issued by Segovia European CLO-6 2019 DAC (Bardin Hill Loan Advisors European 2019-1 DAC), according to a supplemental indenture.
The notes will mature on July 20, 2032.
The refinanced CLO consists of €214 million of class A-R senior secured floating-rate notes at Euribor plus 88 basis points, €20 million of class B-1-R senior secured floating-rate notes at Euribor plus 165 bps, €15 million of class B-2-R 2% senior secured fixed-rate notes, €6.5 million of class C-1-R senior secured deferrable floating-rate notes at Euribor plus 235 bps, €15 million of class C-2-R 2.65% senior secured deferrable fixed-rate notes and €21 million of class D-R senior secured deferrable floating-rate notes at Euribor plus 340 bps.
Segovia Loan Advisors (UK) LLP (Bardin Hill Loan Advisors (UK) LLP will manage the collateral through the end of the reinvestment period on Oct. 20., 2023.
The notes can be called starting April 20, 2021.
BofA Securities was the placement agent.
Founded in 2007, Highbridge Capital was originally formed as a division of Highbridge Capital Management within J.P. Morgan Asset Management and known as Highbridge Principal Strategies.
| Issuer: | Segovia European CLO-6 2019 DAC (Bardin Hill Loan Advisors European 2019-1 DAC)
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €291.5 million
|
| Maturity: | July 20, 2032
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities
|
| Manager: | Segovia Loan Advisors (UK) LLP (Bardin Hill Loan Advisors (UK) LLP)
|
| Call feature: | April 20, 2021
|
| Settlement date: | July 16
|
|
|
| Class A-R notes
|
| Amount: | €214 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 88 bps
|
| Price: | Par
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-1-R notes
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| Amount: | €20 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 165 bps
|
| Price: | Par
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B-2-R notes
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| Amount: | €15 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2%
|
| Price: | Par
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class C-1-R notes
|
| Amount: | €6.5 million
|
| Securities: | Senior secured Deferrable floating-rate notes
|
| Coupon: | Euribor plus 235 bps
|
| Price: | Par
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class C-2-R notes
|
| Amount: | €15 million
|
| Securities: | Senior secured deferrable fixed-rate notes
|
| Coupon: | 2.65%
|
| Price: | Par
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class D-R notes
|
| Amount: | €21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 340 bps
|
| Price: | Par
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
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