Chicago, March 8 – Cerberus Business Finance, LLC sold $303.2 million in a collateralized loan obligation being issued by Cerberus Loan Funding XXXV LP, according to press release.
The notes will mature on Sept. 22, 2033.
The CLO consists of $109 million of class A senior secured floating-rate notes, $50 million of class A senior secured floating-rate loans, $24 million of class B senior secured floating-rate notes, $33 million of class C secured deferrable floating-rate notes, $9 million of class D secured deferrable floating-rate notes, $61.6 million of limited partnership interest and $16.6 million of general partnership interests.
Cerberus Business Finance, LLC will manage the collateral through the end of the four-year reinvestment period on Four years.
Collateral for the notes consists of middle-market loans.
Wells Fargo Securities, LLC was the placement agent.
The private equity firm is based in New York.
| Issuer: | Cerberus Loan Funding XXXV LP
|
| Issue: | Floating-rate notes, senior secured loans, limited partnership interests and general partnership interests
|
| Amount: | $303.2 million
|
| Maturity: | Sept. 22, 2033
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities, LLC
|
| Manager: | Cerberus Business Finance, LLC
|
| Settlement date: | Sept. 22, 2021
|
|
|
| Class A notes
|
| Amount: | $109 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A loans
|
| Amount: | $50 million
|
| Securities: | Senior secured floating-rate loans
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $24 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $33 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: A3
|
|
|
| Class D notes
|
| Amount: | $9 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa2
|
|
|
| Limited partnership interests
|
| Amount: | $61.6 million
|
| Securities: | Limited partnership interests
|
|
|
| General partnership interests
|
| Amount: | $16.6 million
|
| Securities: | General partnership interests
|
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