Chicago, April 24 – Blackstone CLO Management LLC prices $864 million of notes in a collateralized loan obligation being issued by Captree Park CLO Ltd./Captree Park CLO LLC, according to a presale report.
The notes will mature on July 20, 2037.
The CLO consists of $522.75 million of class A-1 senior secured floating-rate notes at SOFR plus 150 basis points, $46.75 million of class A-2 senior secured floating-rate notes at SOFR plus 165 bps, $59.5 million of class B-1 senior secured floating-rate notes at SOFR plus 190 bps, $17 million of class B-2 5.9% senior secured fixed-rate notes, $51 million of class C senior secured deferrable floating-rate notes at SOFR plus 230 bps, $51 million of class D senior secured deferrable floating-rate notes at SOFR plus 330 bps, $34 million of class E senior secured deferrable floating-rate notes at SOFR plus 610 bps and $82 million of subordinated notes.
Blackstone CLO Management LLC will manage the collateral through the end of the reinvestment period on July 20, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting May 29, 2026.
Citigroup Global Markets Inc. was the placement agent.
The issuer is a New York City-based firm.
| Issuer: | Captree Park CLO Ltd./Captree Park CLO LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $864 million
|
| Maturity: | July 20, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Manager: | Blackstone CLO Management LLC
|
| Call feature: | May 29, 2026
|
| Pricing date: | April 17
|
| Settlement date: | May 29
|
|
|
| Class A-1 notes
|
| Amount: | $522.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 150 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $46.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 165 bps
|
|
|
| Class B-1 notes
|
| Amount: | $59.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 190 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $17 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.9%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $51 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $51 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 330 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $34 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 610 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $82 million
|
| Securities: | Subordinated notes
|
|
|
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