Chicago, Dec. 19 – Crescent Capital Group LP sold $352.25 million in a collateralized loan obligation being issued by Atlas Senior Loan Fund XXII Ltd./Atlas Senior Loan Fund XXII LLC, according to a presale report.
The notes will mature on Jan. 20, 2036.
The CLO consists of $217 million of class A1 senior secured floating-rate notes at SOFR plus 198 basis points, $14 million of class AJ senior secured floating-rate notes at SOFR plus 225 bps, $35 million of class B senior secured floating-rate notes at SOFR plus 285 bps, $21 million of class C senior secured deferrable floating-rate notes at SOFR plus 360 bps, $19.25 million of class D senior secured deferrable floating-rate notes at SOFR plus 575 bps, $12.25 million of class E senior secured deferrable floating-rate notes at SOFR plus 859 bps and $33.75 million of subordinated notes.
Crescent Capital Group LP will manage the collateral through the end of the reinvestment period on Jan. 20, 2028.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Jan. 20, 2026.
Jefferies LLC was the placement agent.
Crescent Capital is an alternative asset management firm is based in Los Angeles.
| Issuer: | Atlas Senior Loan Fund XXII Ltd./Atlas Senior Loan Fund XXII LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $352.25 million
|
| Maturity: | Jan. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Crescent Capital Group LP
|
| Call feature: | Jan. 20, 2026
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 21
|
|
|
| Class A1 notes
|
| Amount: | $217 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 198 bps
|
| Rating: | S&P: AAA
|
|
|
| Class AJ notes
|
| Amount: | $14 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $35 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 285 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 360 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $19.25 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 575 bps
|
| Rating: | S&P: BBB
|
|
|
| Class E notes
|
| Amount: | $12.25 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 859 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $33.75 million
|
| Securities: | Subordinated notes
|
|
|
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