Chicago, March 20 – Alcentra Ltd. refinanced for €410.4 million the collateralized loan obligation issued by Jubilee CLO 2022-XXVI DAC, according to an offering document.
The notes will mature on April 15, 2038.
The CLO consists of €248 million of class A-R senior secured floating-rate notes at Euribor plus 148 basis points, €36 million of class B-1-R senior secured floating-rate notes at Euribor plus 210 bps, €8 million of class B-2-R 5.4% senior secured fixed-rate notes, €26 million of class C-R deferrable mezzanine floating-rate notes at Euribor plus 255 bps, €25 million of class D-R deferrable mezzanine floating-rate notes at Euribor plus 400 bps, €17 million of class E-R deferrable junior floating-rate notes at Euribor plus 694 bps, €13 million of class F-R deferrable junior floating-rate notes at Euribor plus 853 bps and €37.4 million of subordinated notes.
Alcentra Ltd. will manage the collateral through the end of the reinvestment period on Sept. 8, 2028.
Collateral for the notes consists of senior secured loans, senior secured bonds, senior obligations, mezzanine obligations and high-yield bonds.
The notes can be called starting Sept. 13, 2025.
Jefferies International Ltd. was the placement agent.
The London-based asset management firm is an indirect subsidiary of BNY Alcentra Group Holding, Inc.
The CLO was originally issued on Sept. 13, 2022.
| Issuer: | Jubilee CLO 2022-XXVI DAC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | €410.4 million
|
| Maturity: | April 15, 2038
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies International Ltd.
|
| Manager: | Alcentra Ltd.
|
| Call feature: | Sept. 13, 2025
|
| Pricing date: | March 12
|
| Settlement date: | March 13
|
|
|
| Class A-R notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 148 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1-R notes
|
| Amount: | €36 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 210 bps
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2-R notes
|
| Amount: | €8 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.4%
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C-R notes
|
| Amount: | €26 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | Euribor plus 255 bps
|
| Price: | Par
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D-R notes
|
| Amount: | €25 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | Euribor plus 400 bps
|
| Price: | Par
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E-R notes
|
| Amount: | €17 million
|
| Securities: | Deferrable junior floating-rate notes
|
| Coupon: | Euribor plus 694 bps
|
| Price: | 99
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F-R notes
|
| Amount: | €13 million
|
| Securities: | Deferrable junior floating-rate notes
|
| Coupon: | Euribor plus 853 bps
|
| Price: | 93.5
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €37.4 million
|
| Securities: | Subordinated notes
|
| Price: | Par
|
|
|
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