Chicago, March 11 – Rockford Tower Capital Management, LLC sold €409.2 million in a collateralized loan obligation issued by Rockford Tower Europe CLO 2021-2 DAC, according to a press release.
The notes will mature on Jan. 24, 2035.
The CLO consists of €2 million of class X senior secured floating-rate notes, €248 million of class A senior secured floating-rate notes, €40.4 million of class B senior secured deferrable floating-rate notes, €29.6 million of class C senior secured deferrable floating-rate notes, €24 million of class D senior secured deferrable floating-rate notes, €20 million of class E senior secured deferrable floating-rate notes, €12 million of class F senior secured deferrable floating-rate notes and €33.2 million of subordinated notes.
Rockford Tower Capital Management, LLC will manage the collateral through the end of the 4.5-year reinvestment period.
Collateral for the notes consists of senior secured obligations.
Morgan Stanley & Co. International Ltd. was the placement agent.
Rockford Tower Capital Management is a Dover, Del., limited liability company.
| Issuer: | Rockford Tower Europe CLO 2021-2 DAC
|
| Issue: | Floating-rate notes and subordinated notes
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| Amount: | €409.2 million
|
| Maturity: | Jan. 24, 2035
|
| Structure: | Cash flow CLO
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| Placement agent: | Morgan Stanley & Co. International Ltd.
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| Manager: | Rockford Tower Capital Management, LLC
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| Settlement date: | Dec. 20, 2021
|
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|
| Class X notes
|
| Amount: | €2 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
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| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
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| Amount: | €40.4 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Rating: | Moody's: Aa2
|
|
|
| Class C notes
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| Amount: | €29.6 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Rating: | Moody's: A2
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|
| Class D notes
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| Amount: | €24 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Rating: | Moody's: Baa3
|
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| Class E notes
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| Amount: | €20 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Rating: | Moody's: Ba3
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|
|
| Class F notes
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| Amount: | €12 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Rating: | Moody's: B3
|
|
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| Subordinated notes
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| Amount: | €33.2 million
|
| Securities: | Subordinated notes
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