Chicago, Jan. 3 – Carlyle CLO Management LLC sold $497.73 million of notes in a collateralized loan obligation issued by Carlyle US CLO 2023-5, Ltd., according to press releases.
The notes will mature on Jan. 29, 2036.
The CLO consists of $310 million of class A-1 senior secured floating-rate notes at SOFR plus 173 basis points, $5 million of class A-2a senior secured floating-rate notes at SOFR plus 200 bps, $5 million of class A-2b 6.16% senior secured fixed-rate notes, $60 million of class B senior secured floating-rate notes at SOFR plus 265 bps, $28.75 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 300 bps, $31.25 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 510 bps, $17.5 million of class E junior secured deferrable floating-rate notes at SOFR plus 790 bps and $40.225 million of subordinated notes.
Carlyle CLO Management LLC will manage the collateral through the end of the reinvestment period on Jan. 29, 2029.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The notes can be called starting Jan. 27, 2026.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuer: | Carlyle US CLO 2023-5, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $497.725 million
|
| Maturity: | Jan. 29, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Carlyle CLO Management LLC
|
| Call feature: | Jan. 27, 2026
|
| Pricing date: | Oct. 27
|
| Settlement date: | Dec. 21
|
|
|
| Class A-1 notes
|
| Amount: | $310 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 173 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2a notes
|
| Amount: | $5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class A-2b notes
|
| Amount: | $5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.156%
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $60 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $28.75 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $31.25 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 510 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $17.5 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 790 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $40,225,000
|
| Securities: | Subordinated notes
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
