Chicago, May 20 – Carlyle CLO Management LLC sold $505.3 million in a collateralized loan obligation being issued by Carlyle US CLO 2022-2 Ltd./Carlyle US CLO 2022-2 LLC, according to a presale report.
The notes will mature on April 20, 2035.
The CLO consists of $300 million of class A-1A senior secured floating-rate notes at SOFR plus 146 basis points, $20 million of class A-1B senior secured floating-rate notes at SOFR plus 170 bps, $60 million of class A-2 senior secured floating-rate notes at SOFR plus 200 bps, $30 million of class B senior secured deferrable floating-rate notes at SOFR plus 240 bps, $30 million of class C senior secured deferrable floating-rate notes at SOFR plus 355 bps, $20 million of class D senior secured deferrable floating-rate notes at SOFR plus 740 bps, and $45.3 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the reinvestment period on April 20, 2027.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting April 20, 2024.
Citigroup Global Markets Inc. was the placement agent.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle US CLO 2022-2 Ltd./Carlyle US CLO 2022-2 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $505.3 million
|
| Maturity: | April 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Manager: | Carlyle CLO Management LLC
|
| Call feature: | April 20, 2024
|
| Settlement date: | May 23
|
|
|
| Class A-1A notes
|
| Amount: | $300 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 146 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1B notes
|
| Amount: | $20 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 170 bps
|
|
|
| Class A-2 notes
|
| Amount: | $60 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Rating: | S&P: AA
|
|
|
| Class B notes
|
| Amount: | $30 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: A
|
|
|
| Class C notes
|
| Amount: | $30 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 355 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class D notes
|
| Amount: | $20 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 740 bps
|
|
|
| Subordinated notes
|
| Amount: | $45.3 million
|
| Securities: | Subordinated notes
|
|
|
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