Chicago, Feb. 11 HPS Investment Partners CLO (UK) LLP sold 417.6 million in a collateralized loan obligation issued by Aqueduct European CLO 6-2021 DAC, according to an indenture.
The notes will mature on Dec. 15, 2034.
The CLO consists of 242 million of class A senior secured floating-rate notes at Euribor plus 96 basis points, 24 million of class B-1 senior secured floating-rate notes at Euribor plus 175 bps, 10 million of class B-2 2% senior secured fixed-rate notes, 42 million of class C senior secured deferrable floating-rate notes at Euribor plus 210 bps, 26 million of class D senior secured deferrable floating-rate notes at Euribor plus 310 bps, 18 million of class E senior secured deferrable floating-rate notes at Euribor plus 635 bps, 100,000 of class Z-1 notes, 7 million of class Z-2 notes, 100,000 of class Z-3 notes and 48.4 million of participating term certificates.
HPS Investment Partners CLO (UK) LLP will manage the collateral through the end of the reinvestment period on Dec. 15, 2026.
Backing the notes are senior obligations, mezzanine obligations and high-yield bonds.
The notes can be called starting Dec. 15, 2023.
Barclays is listed as the arranger and lead initial purchaser with Apollo Europe Ltd. as co-placement agent was the placement agent.
The firm is a subsidiary of New Yorkbased investment firm HPS Investment Partners LLC.
| Issuer: | Aqueduct European CLO 6-2021 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and participating term certificates
|
| Amount: | 417.6 million
|
| Maturity: | Dec. 15, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays and Apollo Europe Ltd.
|
| Manager: | HPS Investment Partners CLO (UK) LLP
|
| Call feature: | Dec. 15, 2023
|
| Settlement date: | Dec. 14
|
|
|
| Class A notes
|
| Amount: | 242 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 96 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | 24 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 175 bps
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | 10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2%
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | 42 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 210 bps
|
| Price: | Par
|
| Rating: | S&P: A
|
| Fitch: A-
|
|
|
| Class D notes
|
| Amount: | 26 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 310 bps
|
| Price: | Par
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | 18 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 635 bps
|
| Price: | Par
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class Z-1 notes
|
| Amount: | 100,000
|
| Securities: | Interest notes
|
|
|
| Class Z-2 notes
|
| Amount: | 7 million
|
| Securities: | Interest notes
|
|
|
| Class Z-3 notes
|
| Amount: | 100,000
|
| Securities: | Interest notes
|
|
|
| Participating term certificates
|
| Amount: | 48.4 million
|
| Price: | 85.5
|
| Securities: | Participating term certificates
|
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