Chicago, July 18 – Crescent Capital Group LP sold $348.62 million in a collateralized loan obligation being issued by Atlas Senior Loan Fund XXI Ltd./Atlas Senior Loan Fund XXI LLC, according to a presale report.
The notes will mature on July 20, 2035.
The CLO consists of $210 million of class A-1 senior secured floating-rate notes at SOFR plus 220 basis points, $7 million of class A-2 senior secured floating-rate notes at SOFR plus 255 bps, $49 million of class B senior secured floating-rate notes at SOFR plus 300 bps, $21 million of class C senior secured deferrable floating-rate notes at SOFR plus 420 bps, $15 million of class D-1 senior secured deferrable floating-rate notes at SOFR plus 587 bps, $3.4 million of class D-2 senior secured deferrable floating-rate notes at SOFR plus 750 bps, $11.4 million of class E senior secured deferrable floating-rate notes at SOFR plus 904 bps and $31.82 million of subordinated notes.
Crescent Capital Group LP will manage the collateral through the end of the reinvestment period on July 20, 2026.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting July 20, 2025.
Citigroup Global Markets Inc. was the placement agent.
Crescent Capital is an alternative asset management firm is based in Los Angeles.
Issuer: | Atlas Senior Loan Fund XXI Ltd./Atlas Senior Loan Fund XXI LLC
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Issue: | Floating-rate notes and subordinated notes
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Amount: | $348.62 million
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Maturity: | July 20, 2035
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Structure: | Cash flow CLO
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Placement agent: | Citigroup Global Markets Inc.
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Manager: | Crescent Capital Group LP
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Call feature: | July 20, 2025
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Settlement date: | July 20
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Class A-1 notes
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Amount: | $210 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 220 bps
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Rating: | S&P: AAA
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Class A-2 notes
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Amount: | $7 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 255 bps
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Rating: | S&P: AAA
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Class B notes
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Amount: | $49 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 300 bps
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Rating: | S&P: AA
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Class C notes
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Amount: | $21 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 420 bps
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Rating: | S&P: A
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Class D-1 notes
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Amount: | $15 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 587 bps
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Rating: | S&P: BBB
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Class D-2 notes
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Amount: | $3.4 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 750 bps
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Rating: | S&P: BBB-
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Class E notes
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Amount: | $11.4 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 904 bps
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Rating: | S&P: BB-
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Subordinated notes
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Amount: | $31.82 million
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Securities: | Subordinated notes
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