Chicago, Nov. 20 – Audax Management Co. (NY) LLC sold $505.49 million of notes, loans and interests in a collateralized loan obligation being issued by Audax Senior Debt CLO 8 LLC, according to a presale report.
The maturity days is Oct. 20, 2035.
The CLO consists of $80 million of class A-1 senior secured floating-rate notes at SOFR plus 240 basis points, $190 million of class A-1L senior secured floating-rate loans at SOFR plus 240 bps, $0 million of class A-1L senior secured floating-rate notes at SOFR plus 240 bps, $20 million of class A-1-F 6.97% senior secured fixed-rate notes, $20 million of class A-2 senior secured floating-rate notes at SOFR plus 300 bps, $30 million of class B senior secured floating-rate notes at SOFR plus 330 bps, $40 million of class C senior secured deferrable floating-rate notes at SOFR plus 420 bps, $30 million of class D senior secured deferrable floating-rate notes at SOFR plus 650 bps, $22.5 million of class E senior secured deferrable floating-rate notes at SOFR plus 800 bps and $72.99 million of subordinated notes.
Audax Management Co. (NY) LLC will manage the collateral through the end of the reinvestment period on Oct. 20, 2027.
Collateral for the notes and loans consists of broadly syndicated and middle-market speculative-grade senior secured term loans.
The CLO can be called starting Oct. 20, 2025.
BNP Paribas Securities Corp. was the placement agent.
The private equity firm is part of Boston-based middle-market investment firm Audax Group, Inc.
| Issuer: | Audax Senior Debt CLO 8 LLC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and interests
|
| Amount: | $505.49 million
|
| Maturity: | Oct. 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | BNP Paribas Securities Corp.
|
| Manager: | Audax Management Co. (NY) LLC
|
| Call feature: | Oct. 20, 2025
|
| Pricing date: | Nov. 14
|
| Settlement date: | Nov. 16
|
|
|
| Class A-1 notes
|
| Amount: | $80 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1L loans
|
| Amount: | $190 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1L notes
|
| Amount: | $0 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1-F notes
|
| Amount: | $20 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.97%
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $20 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $30 million
|
| Securities: | Senior Secured floating-rate notes
|
| Coupon: | SOFR plus 330 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $40 million
|
| Securities: | Senior Secured Deferrable floating-rate notes
|
| Coupon: | SOFR plus 420 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $30 million
|
| Securities: | Senior Secured Deferrable floating-rate notes
|
| Coupon: | SOFR plus 650 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
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| Amount: | $22.5 million
|
| Securities: | Senior Secured Deferrable floating-rate notes
|
| Coupon: | SOFR plus 800 bps
|
| Rating: | S&P: BB-
|
|
|
| Interests
|
| Amount: | $72.99 million
|
| Securities: | Interests
|
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