Chicago, Jan. 5 – Carlyle CLO Management LLC sold $507.71 million in a collateralized loan obligation being issued by Carlyle US CLO 2021-10 Ltd./Carlyle US CLO 2021-10 LLC, according to a pre-sale report.
The notes will mature on Oct. 20, 2034.
The CLO consists of $76.88 million of class A senior secured floating-rate notes at Libor plus 115 basis points, $230.63 million of class A-L senior secured floating-rate loans at Libor plus 115 bps, $72.5 million of class B senior secured floating-rate notes at Libor plus 165 bps, $30 million of class C senior secured deferrable floating-rate notes at Libor plus 205 bps, $30 million of class D senior secured deferrable floating-rate notes at Libor plus 330 bps, $20 million of class E senior secured deferrable floating-rate notes at Libor plus 650 bps and $47.7 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the reinvestment period on Oct. 20, 2026.
The transaction will be backed mostly by senior secured loans, cash and eligible investments with most borrowers based in the United States or Canada.
The notes can be called starting Oct. 20, 2023.
Citigroup Global Markets Inc. was the placement agent.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
Issuer: | Carlyle US CLO 2021-10 Ltd./Carlyle US CLO 2021-10 LLC
|
Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
Amount: | $507.71 million
|
Maturity: | Oct. 20, 2034
|
Structure: | Cash flow CLO
|
Placement agent: | Citigroup Global Markets Inc.
|
Manager: | Carlyle CLO Management LLC
|
Call feature: | Oct. 20, 2023
|
Settlement date: | Nov. 23
|
|
Class A notes
|
Amount: | $76.88 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Libor plus 115 bps
|
Rating: | S&P: AAA
|
|
Class A-L loans
|
Amount: | $230.63 million
|
Securities: | Senior secured floating-rate loans
|
Coupon: | Libor plus 115 bps
|
Rating: | S&P: AAA
|
|
Class B notes
|
Amount: | $72.5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Libor plus 165 bps
|
Rating: | S&P: AA
|
|
Class C notes
|
Amount: | $30 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Libor plus 205 bps
|
Rating: | S&P: A
|
|
Class D notes
|
Amount: | $30 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Libor plus 330 bps
|
Rating: | S&P: BBB-
|
|
Class E notes
|
Amount: | $20 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Libor plus 650 bps
|
Rating: | S&P: BB-
|
|
Subordinated notes
|
Amount: | $47.7 million
|
Securities: | Subordinated notes
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.