Chicago, April 13 – Apex Credit Holdings LLC refinanced for $282.75 million five notes from the collateralized loan obligation being issued by Apex Credit CLO 2020 Ltd., according to multiple press releases.
The notes will mature on Oct. 20, 2032.
The refinanced notes are the $198.25 million of class A-1-R senior secured floating-rate notes at SOFR plus 123 basis points, $16.25 million of class A-2-R senior secured floating-rate notes at SOFR plus 153 bps, $32.5 million of class B-R senior secured floating-rate notes at SOFR plus 190 bps, $19.5 million of class C-R secured deferrable floating-rate notes at SOFR plus 265 bps and $16.25 million of class D-R secured deferrable floating-rate notes at SOFR plus 395 bps.
Collateral for the notes consists of a portfolio of broadly syndicated senior secured corporate loans.
The notes can be called starting July 20, 2022.
Jefferies LLC was the placement agent.
The New York City-based commercial finance firm.
| Issuer: | Apex Credit CLO 2020 Ltd.
|
| Issue: | Floating-rate notes
|
| Amount: | $282.75 million
|
| Maturity: | Oct. 20, 2032
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Apex Credit Holdings LLC
|
| Call feature: | July 20, 2022
|
| Settlement date: | Feb. 17
|
|
|
| Class A-1-R notes
|
| Amount: | $198.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 123 bps
|
| Rating: | Moody’s: Aaa
|
| S&P: AAA
|
|
|
| Class A-2-R notes
|
| Amount: | $16.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 153 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-R notes
|
| Amount: | $32.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 190 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-R notes
|
| Amount: | $19.5 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | S&P: A
|
|
|
| Class D-R notes
|
| Amount: | $16.25 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 395 bps
|
| Rating: | S&P: BBB-
|
|
|
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