Chicago, Aug. 1 – Carlyle CLO Management LLC sold $398 million in a collateralized loan obligation issued by Carlyle US CLO 2022-3, Ltd., according to a new issue report and a press release.
The notes will mature on July 20, 2035.
The CLO consists of $202 million of class A senior secured floating-rate notes at SOFR plus 195 basis points, $50 million of class A-L loans at SOFR plus 195 bps, $51.6 million of class B senior secured floating-rate notes at SOFR plus 265 bps, $19.4 million of class C-1 mezzanine secured deferrable floating-rate notes at SOFR plus 317 bps, $3.4 million of class C-2 mezzanine secured deferrable floating-rate notes at SOFR plus 405 bps, $23.6 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 425 bps, $14.8 million of class E junior secured deferrable floating-rate notes at SOFR plus 781 bps, $1 million of class F junior secured deferrable floating-rate notes at SOFR plus 800 bps and $32.2 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the reinvestment period in three years.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Barclays was the placement agent.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle US CLO 2022-3, Ltd.
|
| Amount: | $398 million
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Maturity: | July 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays
|
| Manager: | Carlyle CLO Management LLC
|
| Settlement date: | July 27
|
|
|
| Class A notes
|
| Amount: | $202 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-L loans
|
| Amount: | $50 million
|
| Securities: | Loans
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $51.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C-1 notes
|
| Amount: | $19.4 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 317 bps
|
| Rating: | Fitch: A+
|
|
|
| Class C-2 notes
|
| Amount: | $3.4 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 405 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $23.6 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 425 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $14.8 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 781 bps
|
| Rating: | Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | $1 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 800 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $32.2 million
|
| Securities: | Subordinated notes
|
|
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