Chicago, Aug. 8 – Carlyle CLO Management LLC is preparing the $405.7 million collateralized loan obligation being issued by Carlyle US CLO 2023-3, Ltd., according to a presale report.
The notes will mature on Oct. 15, 2038.
The CLO consists of $240 million of class A-1 senior notes at SOFR plus basis points, $14.4 million of class A-2 secured senior notes at SOFR plus bps, $45.6 million of class B secured senior notes at SOFR plus bps, $22 million of class C secured senior notes at SOFR plus bps, $24.8 million of class D secured senior notes at SOFR plus bps, $15.8 million of class E secured senior notes at SOFR plus bps and $43.1 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 first-lien, senior secured leveraged loans.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle US CLO 2023-3, Ltd.
|
| Issue: | Secured and subordinated notes
|
| Amount: | $405.7 million
|
| Maturity: | Oct. 15, 2038
|
| Structure: | Cash flow CLO
|
| Manager: | Carlyle CLO Management LLC
|
| Pricing date: | July 21
|
|
|
| Class A-1 notes
|
| Amount: | $240 million
|
| Securities: | Senior notes
|
| Rating: | Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $14.4 million
|
| Securities: | Senior notes
|
|
|
| Class B notes
|
| Amount: | $45.6 million
|
| Securities: | Senior notes
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
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| Amount: | $22 million
|
| Securities: | Senior notes
|
| Rating: | Fitch: A
|
|
|
| Class D notes
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| Amount: | $24.8 million
|
| Securities: | Senior notes
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
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| Amount: | $15.8 million
|
| Securities: | Senior notes
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $43.1 million
|
| Securities: | Subordinated notes
|
|
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