Chicago, July 15 – CELF Advisors LLP issued €337.7 million in a collateralized loan obligation from Carlyle Euro CLO 2022-3 DAC, according to the listing particulars and a new issue report.
The notes will mature on Jan. 13, 2035.
The CLO consists of €174.3 million of class A-1A senior secured floating-rate notes at Euribor plus 120 basis points, €25 million of class A-1B senior secured floating-rate notes at Euribor plus 148 bps, €25.1 million of class A-2A senior secured floating-rate notes at Euribor plus 250 bps, €16.8 million of class A-2B 3.15% senior secured fixed-rate notes, €20.1 million of class B senior secured deferrable floating-rate notes at Euribor plus 370 bps, €21.1 million of class C senior secured deferrable floating-rate notes at Euribor plus 600 bps, €15.4 million of class D senior secured deferrable floating-rate notes at Euribor plus 819 bps, €12.9 million of class E senior secured deferrable floating-rate notes at Euribor plus 1062 bps and €27 million of subordinated notes.
CELF Advisors LLP will manage the collateral through the end of the reinvestment period on Jan. 13, 2027.
Collateral for the notes consists of senior secured loans.
The notes can be called starting Jan. 13, 20244.
J.P. Morgan was the placement agent.
London-based CELF is part of the Washington, D.C.-based Carlyle Group LP.
| Issuer: | Carlyle Euro CLO 2022-3 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €337.7 million
|
| Maturity: | Jan. 13, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan
|
| Manager: | CELF Advisors LLP
|
| Call feature: | Jan. 13, 20244
|
| Settlement date: | July 12
|
|
|
| Class A-1A notes
|
| Amount: | €174.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 120 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-1B notes
|
| Amount: | €25 million
|
| Securities: | Senior Secured floating-rate notes
|
| Coupon: | Euribor plus 148 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-2A notes
|
| Amount: | €25.1 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 250 bps
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class A-2B notes
|
| Amount: | €16.8 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3.15%
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B notes
|
| Amount: | €20.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 370 bps
|
| Price: | Par
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class C notes
|
| Amount: | €21.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 600 bps
|
| Price: | Par
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class D notes
|
| Amount: | €15.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 819 bps
|
| Price: | 91
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class E notes
|
| Amount: | €12.9 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 1062 bps
|
| Price: | 90
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €27 million
|
| Securities: | Subordinated notes
|
| Price: | 75
|
|
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