Chicago, May 25 – LCM Asset Management LLC refinanced a single tranche of notes from the collateralized loan obligation issued by LCM XXV Ltd., according to multiple press releases.
The notes will mature on July 20, 2030.
The refinancing tranche consists of $290.25 million of class A-R senior secured floating-rate notes at SOFR plus 110 basis points.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Morgan Stanley & Co. LLC was the placement agent.
The New York City-based asset management firm is a subsidiary of Tetragon Financial Group Ltd.
| Issuer: | LCM XXV Ltd.
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| Issue: | Floating-rate notes
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| Amount: | $290.25 million
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| Maturity: | July 20, 2030
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| Structure: | Cash flow CLO
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| Placement agent: | Morgan Stanley & Co. LLC
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| Manager: | LCM Asset Management LLC
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| Settlement date: | Feb. 28
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| Class A-R notes
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| Amount: | $290.25 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | SOFR plus 110 bps
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| Rating: | Moody's: Aaa
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| Fitch: AAA
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