Chicago, Nov. 20 – Antares Capital Advisers LLC priced $498.19 million of notes in a collateralized loan obligation being issued by Antares CLO 2023-2 Ltd./Antares CLO 2023-2 LLC, according to a presale report.
The notes will mature on Jan. 25, 2036.
The CLO consists of $290 million of class A senior secured floating-rate notes at SOFR plus 230 basis points, $57.5 million of class B senior secured floating-rate notes at SOFR plus 315 bps, $32.5 million of class C senior secured deferrable floating-rate notes at SOFR plus 400 bps, $27.5 million of class D senior secured deferrable floating-rate notes at SOFR plus 600 bps, $27.5 million of class E senior secured deferrable floating-rate notes at SOFR plus 886 bps and $63.19 million of subordinated notes.
Antares Capital Advisers LLC will manage the collateral through the end of the reinvestment period on Jan. 25, 2028.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting Dec. 20, 2025.
Citigroup Global Markets Inc. was the placement agent.
The Chicago-based investment management firm is an affiliate of Antares Holding LP.
| Issuer: | Antares CLO 2023-2 Ltd./Antares CLO 2023-2 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $498.19 million
|
| Maturity: | Jan. 25, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Manager: | Antares Capital Advisers LLC
|
| Call feature: | Dec. 20, 2025
|
| Pricing date: | Nov. 16
|
| Settlement date: | Dec. 20
|
|
|
| Class A notes
|
| Amount: | $290 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $57.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 315 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $32.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 400 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $27.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 600 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $27.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 886 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $63.19 million
|
| Securities: | Subordinated notes
|
|
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