Chicago, Sept. 9 – Crescent Capital Group LP sold $395.4 million in a collateralized loan obligation issued by Atlas Static Senior Loan Fund I, Ltd., according to a press release.
The notes will mature on July 15, 2030.
The CLO consists of $240 million of class A senior secured floating-rate notes, $60 million of class B senior secured floating-rate notes, $22 million of class C mezzanine secured deferrable floating-rate notes, $20 million of class D mezzanine secured deferrable floating-rate notes, $18 million of class E junior secured deferrable floating-rate notes and $35.4 million of subordinated notes.
Crescent Capital Group LP will manage the CLO. There is no reinvestment period.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
The alternative asset management firm is based in Los Angeles.
| Issuer: | Atlas Static Senior Loan Fund I, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $395.4 million
|
| Maturity: | July 15, 2030
|
| Structure: | Cash flow CLO
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| Manager: | Crescent Capital Group LP
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| Settlement date: | Aug. 17
|
|
|
| Class A notes
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| Amount: | $240 million
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| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
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| Amount: | $60 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa1
|
|
|
| Class C notes
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| Amount: | $22 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Moody's: A2
|
|
|
| Class D notes
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| Amount: | $20 million
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| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Moody's: Baa3
|
|
|
| Class E notes
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| Amount: | $18 million
|
| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
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| Amount: | $35.4 million
|
| Securities: | Subordinated notes
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