Chicago, June 29 – Carlyle CLO Management LLC sold $393 million in a collateralized loan obligation being issued by Carlyle US CLO 2023-2, Ltd., according to new issue report.
The notes will mature on July 21, 2036.
The CLO consists of $240 million of class A-1 senior secured floating-rate notes at SOFR plus 178 basis points, $16 million of class A-2 senior secured floating-rate notes at SOFR plus 225 bps, $44.8 million of class B senior secured floating-rate notes at SOFR plus 265 bps, $22 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 300 bps, $20.2 million of class D-1 mezzanine secured deferrable floating-rate notes at SOFR plus 500 bps, $3 million of class D-2 8.46% mezzanine secured deferrable fixed-rate notes, $15 million of class E junior secured deferrable floating-rate notes at SOFR plus 817 bps and $32 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of senior secured leveraged loans.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle US CLO 2023-2, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $393 million
|
| Maturity: | July 21, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Carlyle CLO Management LLC
|
| Settlement date: | June 28
|
|
|
| Class A-1 notes
|
| Amount: | $240 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 178 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $16 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $44.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $22 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Fitch: A
|
|
|
| Class D-1 notes
|
| Amount: | $20.2 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 500 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class D-2 notes
|
| Amount: | $3 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 8.46%
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $15 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 817 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $32 million
|
| Securities: | Subordinated notes
|
|
|
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