Chicago, Dec. 30 – Antares Capital Advisers LLC sold $1258.75 million in a collateralized loan obligation being issued by AUF Funding LLC , according to a presale report.
The notes will mature on Jan. 20, 2031.
The CLO consists of $691.1 million of class A-1-L senior secured floating-rate loans at SOFR plus 250 basis points, $0 million of class A-1-L senior secured floating-rate notes at SOFR plus 250 bps, $25 million of class A-1 senior secured floating-rate notes at SOFR plus 250 bps, $40 million of class A-2 senior secured floating-rate notes at SOFR plus 305 bps, $47.6 million of class B-1 senior secured floating-rate notes at SOFR plus 375 bps, $30 million of class B-2 7.55% senior secured fixed-rate notes, $97.7 million of class C senior secured deferrable floating-rate notes at SOFR plus 440 bps, $ million of class senior secured deferrable floating-rate notes at SOFR plus bps, $ million of class senior secured deferrable floating-rate notes at SOFR plus bps, $ million of class senior secured floating-rate notes at SOFR plus bps, $ million of class senior deferrable floating-rate notes at SOFR plus bps, $ million of class senior deferrable floating-rate notes at SOFR plus bps, and$327.35 million of subordinated notes.
Antares Capital Advisers LLC will manage the collateral. There is no reinvestment period.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting June 20, 2024.
J.P. Morgan Securities LLC was the placement agent.
The Chicago-based investment management firm is an affiliate of Antares Holding LP.
| Issuer: | AUF Funding LLC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and subordinated notes
|
| Amount: | $1,258,750,000
|
| Maturity: | Jan. 20, 2031
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Manager: | Antares Capital Advisers LLC
|
| Call feature: | June 20, 2024
|
| Settlement date: | Dec. 20
|
|
|
| Class A-1-L loans
|
| Amount: | $691.1 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1-L notes
|
| Amount: | $0 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1 notes
|
| Amount: | $25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $40 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 305 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | $47.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 375 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $30 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 7.55%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $97.7 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 440 bps
|
| Rating: | S&P: A
|
|
|
| Subordinated notes
|
| Amount: | $327.35 million
|
| Securities: | Subordinated notes
|
|
|
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