Chicago, Feb. 16 – Sound Point CLO C-MOA LLC sold €512 million in a collateralized loan obligation issued by Sound Point Euro CLO VIII Funding DAC, according to a notice.
The notes will mature on April 25, 2035.
The CLO consists of €307.5 million of class A senior secured floating-rate notes, €42.5 million of class B-1 senior secured floating-rate notes, €10 million of class B-2 2.1% senior secured fixed-rate notes, €32.5 million of class C senior secured deferrable floating-rate notes, €35 million of class D senior secured deferrable floating-rate notes, €24 million of class E senior secured deferrable floating-rate notes, €14.5 million of class F senior secured deferrable floating-rate notes and €46 million of subordinated notes.
Sound Point CLO C-MOA LLC will manage the collateral through the end of the five-year reinvestment period.
The majority of the collateral backing the notes will be senior secured obligations.
Jefferies International Ltd. is the placement agent.
Sound Point is an advisory firm based in New York.
| Issuer: | Sound Point Euro CLO VIII Funding DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €512 million
|
| Maturity: | April 25, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies International Ltd.
|
| Manager: | Sound Point CLO C-MOA LLC
|
| Settlement date: | March 31
|
|
|
| Class A notes
|
| Amount: | €307.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | €42.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.1%
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | €32.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | €35 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | €24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Class F notes
|
| Amount: | €14.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | €46 million
|
| Securities: | Subordinated notes
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
