Apidos CLO XVIII intends to issue $618.15 million notes in refinancing

By Tali Rackner

Norfolk, Va., March 27 – Apidos CLO XVIII and Apidos CLO XVIII LLC plan to issue $618.15 million of notes in five classes on April 24 via a refinancing, according to a notice from trustee Bank of New York Mellon Trust Co., NA.

Apidos intends to issue $449.8 million of class A-1-R senior secured floating-rate notes (Aaa/AAA/), $71.35 million of class A-2a-R senior secured floating-rate notes (at least Aa2//), $23 million of class A-2b-R senior secured fixed-/floating-rate notes (at least Aa2//), $31.3 million of class B-R mezzanine deferrable floating-rate notes (at least A2//) and $42.7 million of class C-R mezzanine deferrable floating-rate notes (at least Baa3//).

Proceeds will be used to refinance the existing class A-1, A-2a, A2-b, B and C notes.

New York-based CVC Credit Partners, LLC is the collateral manager.

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