Chicago, May 9 – Carlyle CLO Management LLC sold $496.2 million in a collateralized loan obligation being issued by Carlyle US CLO 2023-1, Ltd./Carlyle US CLO 2023-1 LLC, according to a presale report.
The notes will mature in July 2035.
The CLO consists of $310 million of class A-1 senior secured floating-rate notes at SOFR plus 190 basis points, $10 million of class A-2 senior secured floating-rate notes at SOFR plus 225 bps, $55 million of class B senior secured floating-rate notes at SOFR plus 260 bps, $28.75 million of class C mezzanine secured floating-rate notes at SOFR plus 335 bps, $30 million of class D mezzanine secured floating-rate notes at SOFR plus 525 bps, $18.75 million of class E junior secured floating-rate notes at SOFR plus 877 bps and $43.7 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the reinvestment period on July 20, 2028.
Collateral for the notes consists of non-investment-grade broadly syndicated loans.
The notes can be called starting June 2, 2025.
Goldman Sachs & Co. LLC was the placement agent.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle US CLO 2023-1, Ltd./Carlyle US CLO 2023-1 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $496.2 million
|
| Maturity: | July 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Carlyle CLO Management LLC
|
| Call feature: | June 2, 2025
|
| Settlement date: | June 2
|
|
|
| Class A-1 notes
|
| Amount: | $310 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 190 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $10 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $55 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $28.75 million
|
| Securities: | Mezzanine secured floating-rate notes
|
| Coupon: | SOFR plus 335 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $30 million
|
| Securities: | Mezzanine secured floating-rate notes
|
| Coupon: | SOFR plus 525 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $18.75 million
|
| Securities: | Junior secured floating-rate notes
|
| Coupon: | SOFR plus 877 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $43.7 million
|
| Securities: | Subordinated notes
|
|
|
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