By Cristal Cody
Tupelo, Miss., Aug. 19 – Crescent Capital Group LP refinanced $32.5 million of notes from the vintage 2018 Atlas Senior Loan Fund XI, Ltd./Atlas Senior Loan Fund XI, LLC transaction, according to market sources.
The CLO priced class A-1F-R senior secured fixed-rate notes at a 2.06% coupon.
Jefferies LLC was the refinancing agent.
The CLO originally issued $32.5 million of the notes on June 28, 2018 at a 4.074% coupon.
The notes are due July 28, 2031 and have a one-year non-call period.
Proceeds were used to redeem the original class A-1F notes.
The CLO is collateralized primarily by broadly syndicated senior secured corporate loans.
The alternative asset management firm is based in Los Angeles.
| Issuer: | Atlas Senior Loan Fund XI, Ltd./Atlas Senior Loan Fund XI, LLC
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| Amount: | $32.5 million refinancing
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| Maturity: | July 28, 2031
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| Securities: | Class A-1F-R senior secured fixed-rate notes
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| Structure: | Cash flow CLO
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| Refinancing agent: | Jefferies LLC
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| Manager: | Crescent Capital Group LP
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| Coupon: | 2.06%
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| Call feature: | One year
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| Ratings: | Moody’s: Aaa expected
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| Fitch: AAA
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| Settlement date: | Aug. 19
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| Distribution: | Rule 144A and Regulation S
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