By Cristal Cody
Tupelo, Miss., Oct. 27 – Alcentra NY, LLC priced $30.45 million of notes due April 14, 2031 in a partial refinancing of a vintage collateralized loan obligation deal, according to market sources.
Shackleton 2013-IV-R CLO, Ltd./Shackleton 2013-IV-R CLO LLC sold $15.7 million of 1.92% class A-1b-R senior secured fixed-rate notes, $11.75 million of 2.78% class A-2b-R senior secured fixed-rate notes and $3 million of class A-2c-R secured floating-rate notes at Libor plus 220 bps.
MUFG was the refinancing placement agent.
The CLO was originally issued on April 13, 2018.
Proceeds were used to redeem the outstanding notes.
The CLO is collateralized mainly by broadly syndicated first-lien senior secured loans.
The New York-based firm is part of BNY Alcentra Group Holdings, Inc.
| Issuer: | Shackleton 2013-IV-R CLO, Ltd./Shackleton 2013-IV-R CLO LLC
|
| Amount: | $30.45 million refinancing
|
| Maturity: | April 14, 2031
|
| Securities: | Fixed- and floating-rate notes
|
| Structure: | Cash flow CLO
|
| Refinancing agent: | MUFG
|
| Manager: | Alcentra NY, LLC
|
| Pricing date: | Oct. 19
|
| Settlement date: | Oct. 26
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class A-1b-R notes
|
| Amount: | $15.7 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 1.92%
|
| Ratings: | Moody’s: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2b-R notes
|
| Amount: | $50.25 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.78%
|
| Ratings: | Moody’s: Aa2
|
|
|
| Class A-2c-R notes
|
| Amount: | $3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 220 bps
|
| Ratings: | Moody’s: Aa2
|
|
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