Chicago, Dec. 15 – KKR Financial Advisors II, LLC sold $352.4 million in a collateralized loan obligation being issued by KKR CLO 43 Ltd., according to a new issue report.
The notes will mature on July 15, 2034.
The CLO consists of $213 million of class A-1 senior secured floating-rate notes at SOFR plus 235 basis points, $3 million of class A-2 6.16% senior secured fixed-rate notes, $44 million of class B-1 senior secured floating-rate notes at SOFR plus 340 bps, $6.15 million of class B-2 7% senior secured fixed-rate notes, $20.05 million of class C senior secured floating-rate notes at SOFR plus 425 bps, $22.5 million of class D senior secured deferrable floating-rate notes at SOFR plus 612 bps, $13.625 million of class E senior secured deferrable floating-rate notes at SOFR plus 853 bps and $30.075 million of subordinated notes.
KKR Financial Advisors II, LLC will manage the collateral through the end of the 3.1-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The notes can be called starting .
KKR Financial is a subsidiary of San Francisco-based KKR Credit Advisors (US) LLC.
| Issuer: | KKR CLO 43 Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $352.4 million
|
| Maturity: | July 15, 2034
|
| Structure: | Cash flow CLO
|
| Manager: | KKR Financial Advisors II, LLC
|
| Settlement date: | Dec. 1
|
|
|
| Class A-1 notes
|
| Amount: | $213 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 235 bps
|
|
|
| Class A-2 notes
|
| Amount: | $3 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.16%
|
|
|
| Class B-1 notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 340 bps
|
| Rating: | Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | $6.15 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 7%
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $20.05 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 425 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $22.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 612 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $13.625 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 853 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $30.075 million
|
| Securities: | Subordinated notes
|
|
|
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