Chicago, Jan. 31 – Silver Point RR Manager, LP sold $401.4 million in a collateralized loan obligation being issued by Silver Point CLO 1, Ltd., according to a new issue report.
The notes will mature on Jan. 21, 2036.
The CLO consists of $240 million of class A-1 secured floating-rate notes at SOFR plus 245 basis points, $16 million of class A-2 secured floating-rate notes at SOFR plus 310 bps, $41.2 million of class B secured floating-rate notes at SOFR plus 335 bps, $17 million of class C-1 secured deferrable floating-rate notes at SOFR plus 425 bps, $6.6 million of class C-2 7.47% secured deferrable fixed-rate notes, $24.6 million of class D secured deferrable floating-rate notes at SOFR plus 597 bps, $9.2 million of class E secured deferrable floating-rate notes at SOFR plus 813 bps, $300,000 of class F secured deferrable floating-rate notes at SOFR plus 930 bps and $46.5 million of subordinated notes.
Silver Point RR Manager, LP will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of senior secured corporate loans.
The collateral manager was incorporated in August 2022.
| Issuer: | Silver Point CLO 1, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $401.4 million
|
| Maturity: | Jan. 21, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Silver Point RR Manager, LP
|
| Settlement date: | Jan. 30
|
|
|
| Class A-1 notes
|
| Amount: | $240 million
|
| Securities: | Secured floating-rate notes
|
| Coupon: | SOFR plus 245 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $16 million
|
| Securities: | Secured floating-rate notes
|
| Coupon: | SOFR plus 310 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $41.2 million
|
| Securities: | Secured floating-rate notes
|
| Coupon: | SOFR plus 335 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class C-1 notes
|
| Amount: | $17 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 425 bps
|
| Rating: | Fitch: A
|
|
|
| Class C-2 notes
|
| Amount: | $6.6 million
|
| Securities: | Secured deferrable fixed-rate notes
|
| Coupon: | 7.47%
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $24.6 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 597 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $9.2 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 813 bps
|
| Rating: | Fitch: BB+
|
|
|
| Class F notes
|
| Amount: | $0.3 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 930 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $46.5 million
|
| Securities: | Subordinated notes
|
|
|
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