Chicago, May 31 – Anchorage Collateral Management LLC sold $299.7 million in a collateralized loan obligation issued by Anchorage Capital CLO 26, Ltd., according to a new issue report and a press release.
The notes will mature on July 19, 2034.
The CLO consists of $180 million of class A-1 senior secured floating-rate notes at SOFR plus 220 basis points, $6 million of class A-2 senior secured floating-rate notes at SOFR plus 255 bps, $35.3 million of class B senior secured floating-rate notes at SOFR plus 300 bps, $15.4 million of class C-1 mezzanine secured deferrable floating-rate notes at SOFR plus 370 bps, $5 million of class C-2 7% mezzanine secured deferrable fixed-rate notes, $19.6 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 585 bps, $6.9 million of class E junior secured deferrable floating-rate notes at SOFR plus 650 bps, $500,000 of class F junior secured deferrable floating-rate notes at SOFR plus 700 bps and $31 million of subordinated notes.
Anchorage Collateral Management LLC will manage the collateral through the end of the three-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Anchorage Capital is a global asset manager based in New York.
| Issuer: | Anchorage Capital CLO 26, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $299.7 million
|
| Maturity: | July 19, 2034
|
| Structure: | Cash flow CLO
|
| Manager: | Anchorage Collateral Management LLC
|
| Settlement date: | May 24
|
|
|
| Class A-1 notes
|
| Amount: | $180 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 220 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 255 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $35.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C-1 notes
|
| Amount: | $15.4 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 370 bps
|
| Rating: | Fitch: A
|
|
|
| Class C-2 notes
|
| Amount: | $5 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 7%
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $19.6 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 585 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $6.9 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 650 bps
|
| Rating: | Fitch: BB+
|
|
|
| Class F notes
|
| Amount: | $500,000
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 700 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $31 million
|
| Securities: | Subordinated notes
|
|
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