Chicago, Oct. 31 – Carlyle CLO Management Europe LLC sold €357.55 million in a collateralized loan obligation being issued by Carlyle Euro CLO 2022-5 DAC, according to multiple press releases.
The notes will mature on Oct. 25, 2035.
The CLO consists of €142 million of class A-1 floating-rate notes at Euribor plus 195 basis points, €74 million of class A-1 floating-rate loans at Euribor plus 195 bps, €22.5 million of class A-2A floating-rate notes at Euribor plus 375 bps, €13.5 million of class A-2B 6.5% fixed-rate notes, €21.6 million of class B floating-rate notes at Euribor plus 475 bps, €23.4 million of class C floating-rate notes at Euribor plus 630 bps, €17.1 million of class D floating-rate notes at Euribor plus 763 bps, €13.5 million of class E floating-rate notes at Euribor plus 1076 bps, €9.35 million of class S-1 floating-rate notes at Euribor plus 1125 bps and €20.6 million of S-2 notes.
Carlyle CLO Management Europe LLC will manage the collateral through the end of the 4.5-year reinvestment period.
Collateral for the notes consists of senior secured loans.
The notes can be called starting after 1.5-years.
The London-based manager is part of the Washington, D.C.-based Carlyle Group LP.
| Issuer: | Carlyle Euro CLO 2022-5 DAC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and subordinated notes
|
| Amount: | €357.55 million
|
| Maturity: | Oct. 25, 2035
|
| Structure: | Cash flow CLO
|
| Manager: | Carlyle CLO Management Europe LLC
|
| Call feature: | 1.5 years
|
| Settlement date: | Oct. 25
|
|
|
| Class A-1 notes
|
| Amount: | €142 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 195 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-1 loans
|
| Amount: | €74 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 195 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2A notes
|
| Amount: | €22.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 375 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class A-2B notes
|
| Amount: | €13.5 million
|
| Securities: | Fixed-rate notes
|
| Coupon: | 6.5%
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B notes
|
| Amount: | €21.6 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 475 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class C notes
|
| Amount: | €23.4 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 630 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class D notes
|
| Amount: | €17.1 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 763 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class E notes
|
| Amount: | €13.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 1076 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Class S-1 notes
|
| Amount: | €9.35 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 1125 bps
|
|
|
| S-2
|
| Amount: | €20.6 million
|
| Securities: | S-2 notes
|
|
|
|
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