Chicago, April 29 – Carlyle Investment Management LLC subsidiary Carlyle CLO Management LLC refinanced three notes for $458 million from the top of the CLO transaction with Carlyle US CLO 2017-2 Ltd./Carlyle US CLO 2017-2 LLC as issuers, according to a notice.
The refinancing includes the $352 million of class A-1-R senior secured floating-rate notes at Libor plus 105 basis points, $38 million of class A-J-R senior secured floating-rate notes at Libor plus 140 bps and $68 million of class A-2-R senior secured floating-rate notes at Libor plus 160 bps.
Originally, the CLO had 5 million of class X floating-rate notes at Libor plus 80 basis points; $104.5 million of class A-1A floating-rate notes at Libor plus 129 bps; $285.5 million of class A-1B floating-rate notes at Libor plus 122 bps; $54.7 million of class A-2A floating-rate notes at Libor plus 170 bps; $13.3 million of 3.793% class A-2B fixed-rate notes; $32 million of class B floating-rate notes at Libor plus 240 bps; $38 million of class C floating-rate notes at Libor plus 370 bps; $24 million of class D floating-rate notes at Libor plus 615 bps and $56.45 million of subordinated notes.
The class B, class C, class D and subordinated notes have not been refinanced and remain part of the portfolio.
Carlyle is still the manager of the collateral through the remaining reinvestment period.
The maturity date is still July 21, 2031.
Carlyle is an asset management firm and affiliate of Washington, D.C.-based Carlyle Group.
| Issuers: | Carlyle US CLO 2017-2 Ltd./Carlyle US CLO 2017-2 LLC
|
| Issue: | Floating-rate notes
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| Structure: | Cash flow CLO
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| Amount: | $458 million
|
| Maturity: | July 21, 2031
|
| Manager: | Carlyle CLO Management LLC
|
| Announcement date: | April 20
|
|
|
| Class A-1-R notes
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| Amount: | $352 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 105 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-J-R notes
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| Amount: | $38 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 140 bps
|
| Rating: | Moody's: Aaa
|
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|
| Class A-2-R notes
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| Amount: | $68 million
|
| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 160 bps
|
| Rating: | Moody's: Aa2
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