Chicago, June 10 – Partners Group US Management CLO LLC sold $380.6 million in a collateralized loan obligation issued by Pikes Peak CLO 10 Ltd., according to a press release.
The notes will mature on April 24, 2034.
The CLO consists of $215 million of class A-1 senior secured floating-rate notes, $25 million of class A-2 3.55% senior secured fixed-rate notes, $45 million of class B senior secured floating-rate notes, $20.6 million of class C mezzanine secured deferrable floating-rate notes, $20.6 million of class D mezzanine secured deferrable floating-rate notes, $18.8 million of class E junior secured deferrable floating-rate notes and $35.6 million of subordinated notes.
Partners Group US Management CLO LLC will manage the collateral through the end of the three-year reinvestment period.
Collateral for the notes consists of senior secured corporate loans.
J.P. Morgan Securities LLC was the placement agent.
The global private markets investment management firm has U.S. offices in Denver, New York and Houston.
| Issuer: | Pikes Peak CLO 10 Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $380.6 million
|
| Maturity: | April 24, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Manager: | Partners Group US Management CLO LLC
|
| Settlement date: | April 22
|
|
|
| Class A-1 notes
|
| Amount: | $215 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $25 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3.55%
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $45 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $20.6 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
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| Amount: | $20.6 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $18.8 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $35.6 million
|
| Securities: | Subordinated notes
|
|
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