Chicago, Jan. 25 – CELF Advisors LLP sold €466.05 million in a collateralized loan obligation being issued by Carlyle Euro CLO 2021-2 DAC, according to a document.
The notes will mature on Oct. 15, 2035.
The CLO consists of €2 million of class X senior secured floating-rate notes at Euribor plus 50 basis points, €285.2 million of class A-1 senior secured floating-rate notes at Euribor plus 99 bps, €29 million of class A-2A senior secured floating-rate notes at Euribor plus 175 bps, €17 million of class A-2B 2.1% senior secured fixed-rate notes, €31 million of class B senior secured deferrable floating-rate notes at Euribor plus 225 bps, €28.75 million of class C senior secured deferrable floating-rate notes at Euribor plus 330 bps, €24.2 million of class D senior secured deferrable floating-rate notes at Euribor plus 625 bps, €13.5 million of class E senior secured deferrable floating-rate notes at Euribor plus 877 bps and €35.4 million of subordinated notes.
CELF Advisors LLP will manage the collateral through the end of the reinvestment period on April 15, 2026.
The collateral is mainly senior secured loans with a component of senior unsecured, mezzanine and second-lien loans.
The notes can be called starting Oct. 15, 2023.
Credit Suisse International was the placement agent.
London-based CELF is part of the Washington, D.C.-based Carlyle Group LP.
| Issuer: | Carlyle Euro CLO 2021-2 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €466.05 million
|
| Maturity: | Oct. 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Credit Suisse International
|
| Manager: | CELF Advisors LLP
|
| Call feature: | Oct. 15, 2023
|
| Settlement date: | Oct. 27
|
|
|
| Class X notes
|
| Amount: | €2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 50 bps
|
| Price: | Par
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-1 notes
|
| Amount: | €285.2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 99 bps
|
| Price: | Par
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2A notes
|
| Amount: | €29 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 175 bps
|
| Price: | Par
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class A-2B notes
|
| Amount: | €17 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.1%
|
| Price: | Par
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B notes
|
| Amount: | €31 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 225 bps
|
| Price: | Par
|
| Rating: | Moody's: A3
|
| Fitch: A
|
|
|
| Class C notes
|
| Amount: | €28.75 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 330 bps
|
| Price: | Par
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
|
| Class D notes
|
| Amount: | €24.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 625 bps
|
| Price: | 99
|
| Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
|
| Class E notes
|
| Amount: | €13.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 877 bps
|
| Price: | 97
|
| Rating: | Moody's: B3
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €35.4 million
|
| Price: | 97.5
|
| Securities: | Subordinated notes
|
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