Chicago, Aug. 23 – Anchorage CLO ECM, LLC sold €383.78 million in a collateralized loan obligation being issued by Anchorage Capital Europe CLO 6 DAC, according to a listing notice, a new issue report and a press release.
The notes will mature on Aug. 25, 2034.
The CLO consists of €224.3 million of class A senior secured floating-rate notes at Euribor plus 212 basis points, €31.5 million of class B-1 senior secured floating-rate notes at Euribor plus 356 bps, €15 million of class B-2 6% senior secured fixed-rate notes, €28.9 million of class C senior secured deferrable floating-rate notes at Euribor plus 460 bps, €25.8 million of class D senior secured deferrable floating-rate notes at Euribor plus 675 bps, €16.9 million of class E senior secured deferrable floating-rate notes at Euribor plus 811 bps, €12 million of class F senior secured deferrable floating-rate notes at Euribor plus 1,137 bps and €29.38 million of subordinated notes.
Anchorage CLO ECM, LLC will manage the collateral through the end of the two-year reinvestment period.
Collateral for the notes consists of senior secured term loans and senior secured bonds.
The asset manager is based in New York City.
| Issuer: | Anchorage Capital Europe CLO 6 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €383.78 million
|
| Maturity: | Aug. 25, 2034
|
| Structure: | Cash flow CLO
|
| Manager: | Anchorage CLO ECM, LLC
|
| Settlement date: | Aug. 17
|
|
|
| Class A notes
|
| Amount: | €224.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 212 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €31.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 356 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €15 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6%
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €28.9 million
|
| Securities: | Senior Secured Deferrable floating-rate notes
|
| Coupon: | Euribor plus 460 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €25.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 675 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €16.9 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 811 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 1137 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €29.38 million
|
| Securities: | Subordinated notes
|
|
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