Chicago, Oct. 6 – Capital Four US CLO Management LLC sold $396.89 million in a collateralized loan obligation being issued by Capital Four US CLO II Ltd., according to a new issue report.
The notes will mature on Oct. 20, 2030.
The CLO consists of $256 million of class A-1 senior secured floating-rate notes at SOFR plus 214 basis points, $10 million of class A-2 5.57% senior secured fixed-rate notes, $43 million of class B senior secured floating-rate notes at SOFR plus bps, $23 million of class C senior secured deferrable floating-rate notes at SOFR plus 410 bps, $23 million of class D senior secured deferrable floating-rate notes at SOFR plus 536 bps, $12 million of class E senior secured deferrable floating-rate notes at SOFR plus 808 bps and $29.89 million of subordinated notes.
Capital Four US CLO Management LLC will manage the transaction. There is no reinvestment period; the CLO is static.
Collateral for the notes consists of first-lien senior secured loans.
The CLO manager is part of Copenhagen-based credit asset management firm.
| Issuer: | Capital Four US CLO II Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $396.89 million
|
| Maturity: | Oct. 20, 2030
|
| Structure: | Cash flow CLO
|
| Manager: | Capital Four US CLO Management LLC
|
| Settlement date: | Sept. 29
|
|
|
| Class A-1 notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 214 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.57%
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $43 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $23 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 410 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $23 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 536 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 808 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $29.89 million
|
| Securities: | Subordinated notes
|
|
|
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