Chicago, May 24 – Anchorage Capital Group, LLC sold $298.2 million in a collateralized bond obligation being issued by Anchorage Credit Funding 15, Ltd., according to a press release.
The notes will mature on April 18, 2040.
The CLO consists of $142.5 million of class A 4.55% senior secured fixed-rate notes, $29.3 million of class B 4.75% senior secured fixed-rate notes, $15 million of class C 5.1% mezzanine secured deferrable fixed-rate notes, $42.5 million of class D 5% mezzanine secured deferrable fixed-rate notes, $18.5 million of class E 6.5% junior secured deferrable fixed-rate notes, $10.9 million of class F 6.55% junior secured deferrable fixed-rate notes and $39.5 million of subordinated notes.
Anchorage Capital Group, LLC will manage the collateral through the end of the reinvestment period on five-year.
Collateral for the notes consists of corporate bonds and loans.
GreensLedge Capital Markets LLC was the placement agent.
Anchorage Group is a New York City-based asset manager.
Issuer: | Anchorage Credit Funding 15, Ltd.
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Issue: | Fixed-rate notes and subordinated notes
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Amount: | $298.2 million
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Maturity: | April 18, 2040
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Structure: | Cash flow CBO
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Placement agent: | GreensLedge Capital Markets LLC
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Manager: | Anchorage Capital Group, LLC
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Settlement date: | May 12
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Class A notes
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Amount: | $142.5 million
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Securities: | Senior secured fixed-rate notes
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Coupon: | 4.55%
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Rating: | Moody's: Aaa
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Class B notes
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Amount: | $29.3 million
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Securities: | Senior secured fixed-rate notes
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Coupon: | 4.75%
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Rating: | Moody's: Aa3
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Class C notes
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Amount: | $15 million
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Securities: | Mezzanine secured deferrable fixed-rate notes
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Coupon: | 5.1%
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Rating: | Moody's: A3
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Class D notes
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Amount: | $42.5 million
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Securities: | Mezzanine secured deferrable fixed-rate notes
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Coupon: | 5%
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Class E notes
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Amount: | $18.5 million
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Securities: | Junior secured deferrable fixed-rate notes
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Coupon: | 6.5%
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Class F notes
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Amount: | $10.9 million
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Securities: | Junior secured deferrable fixed-rate notes
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Coupon: | 6.5%
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Subordinated notes
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Amount: | $39.5 million
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Securities: | Subordinated notes
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