Chicago, Jan. 30 – Hayfin Emerald CLO XI DAC sold €394.1 million in a collateralized loan obligation issued by Hayfin Emerald CLO XI DAC , according to multiple notices.
The notes will mature on Jan. 25, 2036.
The CLO consists of €242.8 million of class A senior secured floating-rate notes at Euribor plus 200 basis points, €22.8 million of class B-1 senior secured floating-rate notes at Euribor plus 365 bps, €10 million of class B-2 7% senior secured fixed-rate notes, €23.6 million of class C senior secured deferrable floating-rate notes at Euribor plus 411 bps, €26.8 million of class D senior secured floating-rate notes at Euribor plus 626 bps, €16.8 million of class E senior secured deferrable floating-rate notes at Euribor plus 812 bps, €14 million of class F senior secured deferrable floating-rate notes at Euribor plus 1000 bps and €37.3 million of subordinated notes.
Hayfin Emerald CLO XI DAC will manage the collateral through the end of the three-year reinvestment period.
Collateral for the notes consists of senior secured obligations.
The notes are listed on Euronext. Full documentation was not yet posted.
Hayfin Capital Management is part of London-based alternative asset management firm Hayfin Capital Management LLP.
| Issuer: | Hayfin Emerald CLO XI DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €394.1 million
|
| Maturity: | Jan. 25, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Hayfin Emerald CLO XI DAC
|
| Listing date: | Jan. 25
|
|
|
| Class A notes
|
| Amount: | €242.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 200 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €22.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 365 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 7%
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €23.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 411 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €26.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 626 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €16.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 812 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €14 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 1000 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €37.3 million
|
| Securities: | Subordinated notes
|
|
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