Chicago, July 11 – Carlyle CLO Management LLC priced $494.35 million in a collateralized loan obligation being issued by Carlyle US CLO 2022-4, Ltd., according to a presale report and a press release.
The notes will mature on July 22, 2034.
The CLO consists of $310 million of class A-1 senior secured floating-rate notes at SOFR plus 190 basis points, $15 million of class A-2 senior secured floating-rate notes at SOFR plus 225 bps, $53.75 million of class B senior secured floating-rate notes at SOFR plus 300 bps, $23.75 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 350 bps, $32.5 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 500 bps, $20 million of class E junior secured deferrable floating-rate notes at SOFR plus 815 bps and $39.35 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the 4.9-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Goldman Sachs & Co. LLC is the placement agent.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle US CLO 2022-4, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $494.35 million
|
| Maturity: | July 22, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Carlyle CLO Management LLC
|
| Settlement date: | Sept. 1
|
|
|
| Class A-1 notes
|
| Amount: | $310 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 190 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $15 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $53.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $23.75 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 350 bps
|
| Rating: | Moody's: A3
|
|
|
| Class D notes
|
| Amount: | $32.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 500 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $20 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 815 bps
|
| Rating: | Fitch: BB
|
|
|
| Subordinated notes
|
| Amount: | $39.35 million
|
| Securities: | Subordinated notes
|
|
|
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