Chicago, Sept. 19 – Carlyle CLO Management LLC sold $495.45 million in a collateralized loan obligation being issued by Carlyle US CLO 2022-5, Ltd., according to a new issue report.
The notes will mature on Oct. 15, 2035.
The CLO consists of $20 million of class A-1 senior secured floating-rate notes at SOFR plus 220 basis points, $300 million of class A-L floating-rate loans at SOFR plus 220 bps, $52.5 million of class B senior secured floating-rate notes at SOFR plus 310 bps, $28.75 million of class C senior secured deferrable floating-rate notes at SOFR plus 405 bps, $32 million of class D senior secured deferrable floating-rate notes at SOFR plus 534 bps, $18.25 million of class E senior secured deferrable floating-rate notes at SOFR plus 846 bps and $43.95 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the 4.1-year reinvestment period.
Collateral for the notes consists of broadly syndicated loans.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
Issuer: | Carlyle US CLO 2022-5, Ltd.
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Issue: | Floating-rate notes, floating-rate loans and subordinated notes
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Amount: | $495.45 million
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Maturity: | Oct. 15, 2035
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Structure: | Cash flow CLO
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Manager: | Carlyle CLO Management LLC
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Settlement date: | Sept. 16
|
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Class A-1 notes
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Amount: | $20 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 220 bps
|
Rating: | Fitch: AAA
|
|
Class A-L loans
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Amount: | $300 million
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Securities: | Floating-rate loans
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Coupon: | SOFR plus 220 bps
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Rating: | Fitch: AAA
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Class B notes
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Amount: | $52.5 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 310 bps
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Rating: | Fitch: AA
|
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Class C notes
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Amount: | $28.75 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 405 bps
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Rating: | Fitch: A
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Class D notes
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Amount: | $32 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 534 bps
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Rating: | Fitch: BBB-
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Class E notes
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Amount: | $18.25 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 846 bps
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Rating: | Fitch: BB-
|
|
Subordinated notes
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Amount: | $43.95 million
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Securities: | Subordinated notes
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