Chicago, May 16 – Apex Credit Partners LLC sold $300.55 million in a collateralized loan obligation being issued by Apex Credit CLO 2022-I Ltd./Apex Credit CLO 2022-I LLC, according to a press release and a listing notice.
The notes will mature on April 22, 2033.
The CLO consists of $123.25 million of class A-1 senior secured floating-rate notes at SOFR plus 149 basis points, $62.8 million of class A-L senior secured floating-rate notes at SOFR plus 149 bps, $42 million of class B senior secured floating-rate notes at SOFR plus 215 bps, $16.5 million of class C secured deferrable floating-rate notes at SOFR plus 271 bps, $18 million of class D secured deferrable floating-rate notes at SOFR plus 440 bps, $13.5 million of class E secured deferrable floating-rate notes at SOFR plus 791 bps and $24.5 million of subordinated notes.
Apex Credit Partners LLC will manage the collateral through the end of the three-year reinvestment period on three-year.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
Jefferies LLC was the placement agent.
The manager is a New York City-based commercial finance firm.
| Issuer: | Apex Credit CLO 2022-I Ltd./Apex Credit CLO 2022-I LLC
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | $300.55 million
|
| Maturity: | April 22, 2033
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Apex Credit Partners LLC
|
| Settlement date: | April 28
|
|
|
| Class A-1 notes
|
| Amount: | $123.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 149 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-L notes
|
| Amount: | $62.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 149 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
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| Amount: | $42 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 215 bps
|
| Rating: | Moody's: Aa1
|
|
|
| Class C notes
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| Amount: | $16.5 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 271 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
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| Amount: | $18 million
|
| Securities: | Secured deferrable floating-rate notes
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| Coupon: | SOFR plus 440 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
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| Amount: | $13.5 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 791 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $24.5 million
|
| Securities: | Subordinated notes
|
|
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