Chicago, Oct. 27 – Capital Four CLO Management II K/S sold €350.327 million in a collateralized loan obligation issued by Capital Four CLO VI DAC, according to an offering document.
The notes will mature on Oct. 25, 2036.
The CLO consists of €210 million of class A-1 senior secured floating-rate notes at Euribor plus 173 basis points, €7 million of class A-2 senior secured floating-rate notes at Euribor plus 205 bps, €36.75 million of class B senior secured floating-rate notes at Euribor plus 245 bps, €19.25 million of class C senior secured deferrable floating-rate notes at Euribor plus 315 bps, €22.75 million of class D senior secured deferrable floating-rate notes at Euribor plus 490 bps, €17.5 million of class E senior secured deferrable floating-rate notes at Euribor plus 730 bps, €10.5 million of class F senior secured deferrable floating-rate notes at Euribor plus 949 bps and €26.577 million of subordinated notes.
Capital Four CLO Management II K/S will manage the collateral through the end of the reinvestment period on April 25, 2028.
Collateral for the notes consists of senior obligations, mezzanine obligations and high-yield bonds.
The notes can be called starting Oct. 25, 2025.
Deutsche Bank AG was the placement agent.
The CLO manager is part of Copenhagen-based credit asset management firm.
| Issuer: | Capital Four CLO VI DAC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | €350.327 million
|
| Maturity: | Oct. 25, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Deutsche Bank AG
|
| Manager: | Capital Four CLO Management II K/S
|
| Call feature: | Oct. 25, 2025
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 28
|
|
|
| Class A-1 notes
|
| Amount: | €210 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 173 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | €7 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 205 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | €36.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 245 bps
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €19.25 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 315 bps
|
| Price: | Par
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €22.75 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 490 bps
|
| Price: | Par
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €17.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 730 bps
|
| Price: | 96.5
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €10.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 949 bps
|
| Price: | 92
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €26.577 million
|
| Securities: | Subordinated notes
|
|
|
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