Chicago, Jan. 27 – Antares Capital Advisers LLC sold $492.86 million in a collateralized loan obligation being issued by Antares CLO 2023-1 Ltd./Antares CLO 2023-1 LLC, according to a presale report.
The notes will mature on April 25, 2035.
The CLO consists of $290 million of class A-1 senior secured floating-rate notes at SOFR plus 245 basis points, $15 million of class A-2 senior secured floating-rate notes at SOFR plus 290 bps, $42.5 million of class B senior secured floating-rate notes at SOFR plus 340 bps, $32.5 million of class C senior secured deferrable floating-rate notes at SOFR plus 475 bps, $27.5 million of class D senior secured deferrable floating-rate notes at SOFR plus 675 bps, $27.5 million of class E senior secured deferrable floating-rate notes at SOFR plus 1,060 bps and $57.86 million of subordinated notes.
Antares Capital Advisers LLC will manage the collateral through the end of the reinvestment period on April 25, 2027.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting April 25, 2025.
BNP Paribas Securities Corp. was the placement agent.
The Chicago-based investment management firm is an affiliate of Antares Holding LP.
| Issuer: | Antares CLO 2023-1 Ltd./Antares CLO 2023-1 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $492.86 million
|
| Maturity: | April 25, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | BNP Paribas Securities Corp.
|
| Manager: | Antares Capital Advisers LLC
|
| Call feature: | April 25, 2025
|
| Settlement date: | March 17
|
|
|
| Class A-1 notes
|
| Amount: | $290 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 245 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $15 million
|
| Securities: | Senior Secured floating-rate notes
|
| Coupon: | SOFR plus 290 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $42.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 340 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $32.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 475 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $27.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 675 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $27.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 1060 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $57.86 million
|
| Securities: | Subordinated notes
|
|
|
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