Chicago, Aug. 23 – Blackstone Ireland Ltd. sold €340.875 million in a collateralized loan obligation issued by Clonmore Park CLO DAC, according to a listing notice, a new issue report and a press release.
The notes will mature on Aug. 21, 2035.
The CLO consists of €60 million of class A senior secured floating-rate notes at Euribor plus 170 basis points, €148.25 million of class A senior secured floating-rate loans at Euribor plus 170 bps, €27.125 million of class B-1 senior secured floating-rate notes at Euribor plus 368 bps, €13.125 million of class B-2 4.25% senior secured fixed-rate notes, €14.5 million of class C-1 senior secured deferrable floating-rate notes at Euribor plus 429 bps, €6.5 million of class C-2 senior secured deferrable floating-rate notes at Euribor plus 455 bps, €15.75 million of class D-1 senior secured deferrable floating-rate notes at Euribor plus 609 bps, €6.125 million of class D-2 senior secured deferrable floating-rate notes at Euribor plus 638 bps, €15.5 million of class E senior secured deferrable floating-rate notes at Euribor plus 862 bps, €11 million of class F senior secured deferrable floating-rate notes at Euribor plus 1102 bps and €23 million of subordinated notes.
Blackstone Ireland Ltd. will manage the collateral through the end of the reinvestment period in February 2027.
Collateral for the notes consists of senior secured obligations.
The notes can be called starting after 1.5 years.
The Dublin-based CLO manager is part of the Blackstone Group Inc.
| Issuer: | Clonmore Park CLO DAC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and subordinated notes
|
| Amount: | €340.875 million
|
| Maturity: | Aug. 21, 2035
|
| Structure: | Cash flow CLO
|
| Manager: | Blackstone Ireland Ltd.
|
| Call feature: | 1.5-year
|
| Settlement date: | Aug. 16
|
|
|
| Class A notes
|
| Amount: | €60 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 170 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-Loans
|
| Amount: | €148.25 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | Euribor plus 170 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €27.125 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 368 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €13.125 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 4.25%
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C-1 notes
|
| Amount: | €14.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 429 bps
|
| Rating: | S&P: A+
|
| Fitch: A+
|
|
|
| Class C-2 notes
|
| Amount: | €6.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 455 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D-1 notes
|
| Amount: | €15.75 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 609 bps
|
| Rating: | S&P: BBB
|
| Fitch: BBB
|
|
|
| Class D-2 notes
|
| Amount: | €6.125 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 638 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €15.5 million
|
| Securities: | Senior Secured Deferrable floating-rate notes
|
| Coupon: | Euribor plus 862 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €11 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 1102 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €23 million
|
| Securities: | Subordinated notes
|
|
|
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