Chicago, April 19 – Anchorage Capital Group, LLC conducted a second refinancing for $484.3 million of some of the notes in the Anchorage Capital CLO 6, Ltd./Anchorage Capital CLO 6, LLC portfolio, according to a supplemental indenture.
The class X notes and B-2-R were redeemed and not replaced.
Additionally, the issuers sold $343.8 million of class A-RR senior secured floating-rate notes at Libor plus 105 basis points, $53.3 million of class B-RR senior secured floating-rate notes, $10 million of class C-RR mezzanine secured deferrable floating-rate notes at Libor plus 220 bps, $39.1 million of class D-RR mezzanine secured deferrable floating-rate notes at Libor plus 345 bps and $38.1 million of class E-RR junior secured deferrable floating-rate notes.
There are still $68.25 million of subordinated notes outstanding.
There is now benchmark replacement language based on SOFR as part of the indenture.
Barclays is listed as the initial purchaser.
The reinvestment period still ends July 2022.
Anchorage is a New York City-based CLO manager.
| Issuers: | Anchorage Capital CLO 6, Ltd./Anchorage Capital CLO 6, LLC
|
| Issue: | Floating-rate notes
|
| Structure: | Cash flow CLO
|
| Amount: | $484.3 million
|
| Maturity: | July 15, 2030
|
| Agent: | Barclays
|
| Manager: | Anchorage Capital Group, LLC
|
| Settlement date: | April 15
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class A-RR notes
|
| Amount: | $343.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 105 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-RR notes
|
| Amount: | $53.3 million
|
| Securities: | Senior secured floating-rate notes
|
|
|
| Class C-RR notes
|
| Amount: | $10 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 220 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D-RR notes
|
| Amount: | $39.1 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 345 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E-RR notes
|
| Amount: | $38.1 million
|
| Securities: | Junior senior secured deferrable floating-rate notes
|
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