Chicago, March 15 – Antares Capital Advisers LLC sold $901.18 million in a collateralized loan obligation being issued by Antares CLO 2024-1 LLC, according to a presale report.
The notes will mature on April 20, 2036.
The CLO consists of $513 million of class A-1 senior secured floating-rate notes at SOFR plus 181 basis points, $36 million of class A-2 senior secured floating-rate notes at SOFR plus 205 bps, $76.5 million of class B senior secured floating-rate notes at SOFR plus 230 bps, $63 million of class C senior secured deferrable floating-rate notes at SOFR plus 305 bps, $49.5 million of class D senior secured deferrable floating-rate notes at SOFR plus 490 bps and $163.18 million of subordinated notes.
Antares Capital Advisers LLC will manage the collateral through the end of the reinvestment period on April 20, 2028.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting April 12, 2026.
Wells Fargo Securities LLC was the placement agent.
The Chicago-based investment management firm is an affiliate of Antares Holding LP.
| Issuer: | Antares CLO 2024-1 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $901.18 million
|
| Maturity: | April 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities LLC
|
| Manager: | Antares Capital Advisers LLC
|
| Call feature: | April 12, 2026
|
| Pricing date: | March 12
|
| Settlement date: | April 12
|
|
|
| Class A-1 notes
|
| Amount: | $513 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 181 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $36 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 205 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $76.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $63 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 305 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $49.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 490 bps
|
| Rating: | S&P: BBB-
|
|
|
| Subordinated notes
|
| Amount: | $163.18 million
|
| Securities: | Subordinated notes
|
|
|
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