Chicago, June 22 – Anchorage Capital Group, LLC sold $458.9 million of new notes in the Anchorage Credit Funding 13, Ltd. transaction, according to a notice.
The CLO notes mature July 27, 2039.
The portfolio has $219.4 million of class A 2.88% senior secured fixed-rate notes, $59.6 million of class B 3.23% senior secured fixed-rate notes, $25.9 million of class C 3.73% mezzanine secured deferrable fixed-rate notes, $20.3 million of class D 5.43% mezzanine secured deferrable fixed-rate notes and $34.9 million of class E 6.92% junior secured deferrable fixed-rate notes.
There are also $98.8 million of subordinated notes.
GreensLedge Capital Markets LLC is the underwriter.
Anchorage Capital will manage the collateral for the CLO, primarily corporate loans and bonds. The reinvestment period is five years.
Anchorage Group is a New York City-based asset manager.
| Issuer: | Anchorage Credit Funding 13, Ltd.
|
| Issue: | Fixed-rate notes and subordinated notes
|
| Amount: | $458.9 million
|
| Maturity: | July 27, 2039
|
| Structure: | CDO
|
| Placement agent: | GreensLedge Capital Markets LLC
|
| Manager: | Anchorage Capital Group, LLC
|
| Call: | July 2023
|
| Settlement date: | July 7
|
|
|
| Class A notes
|
| Amount: | $219.4 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.88%
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $59.6 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3.23%
|
| Rating: | Moody's: Aa3
|
|
|
| Class C notes
|
| Amount: | $25.9 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 3.73%
|
| Rating: | Moody's: A3
|
|
|
| Class D notes
|
| Amount: | $20.3 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 5.43%
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $34.9 million
|
| Securities: | Junior secured deferrable fixed-rate notes
|
| Coupon: | 6.92%
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $98.8 million
|
| Securities: | Subordinated notes
|
|
|
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