Chicago, Feb. 25 – Invesco CLO Equity Fund IV LP sold €407.5 million in a collateralized loan obligation issued by Invesco Euro CLO VII DAC, according to multiple releases.
The notes will mature on Jan. 15, 2035.
The CLO consists of €248 million of class A senior secured floating-rate notes at Euribor plus 99 basis points, €21 million of class B-1 senior secured floating-rate notes at Euribor plus 180 bps, €15 million of class B-2 senior secured floating-rate notes at Euribor plus 210 bps, €28 million of class C senior secured deferrable floating-rate notes at Euribor plus 235 bps, €29 million of class D senior secured deferrable floating-rate notes at Euribor plus 345 bps, €20 million of class E senior secured deferrable floating-rate notes at Euribor plus 624 bps, €12 million of class F senior secured deferrable floating-rate notes at Euribor plus 879 bps and €34.5 million of subordinated notes.
Invesco CLO Equity Fund IV LP will manage the collateral through the end of the 4.5-year reinvestment period.
The collateral pool will consist of senior secured loans and bonds with a component of mezzanine obligations and high-yield bonds.
BNP Paribas was the placement agent.
Invesco European is a New York-based fund manager and subsidiary of Invesco, Ltd.
| Issuer: | Invesco Euro CLO VII DAC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | €407.5 million
|
| Maturity: | Jan. 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | BNP Paribas
|
| Manager: | Invesco CLO Equity Fund IV LP
|
| Settlement date: | Jan. 12
|
|
|
| Class A notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 99 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €21 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 180 bps
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €15 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 210 bps
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €28 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 235 bps
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €29 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 345 bps
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €20 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 624 bps
|
| Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 879 bps
|
| Rating: | Moody's: B3
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €34.5 million
|
| Securities: | Subordinated notes
|
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