Carlyle Investment Management to bring $513 million of notes in CLO 2015-3

By Cristal Cody

Tupelo, Miss., June 25 – Carlyle Investment Management LLC plans to price $513 million of notes due 2028 in a collateralized loan obligation transaction, according to a market source.

The Carlyle Global Market Strategies CLO 2015-3, Ltd./Carlyle Global Market Strategies CLO 2015-3 LLC deal includes $100 million of class A-1 floating-rate loans (//AAA); $215 million of class A-1 floating-rate notes (//AAA); $61.7 million of class A-2 floating-rate notes; $23.9 million of class B floating-rate notes; $33.9 million of class C floating-rate notes; $26.5 million of class D floating-rate notes; $9 million of class E floating-rate notes and $43 million of subordinated notes.

JPMorgan Securities LLC is the placement agent.

Carlyle Investment Management will manage the CLO.

The CLO will have a three-year non-call period and a five-year reinvestment period.

The deal is backed primarily by first lien senior secured corporate loans.

Proceeds from the offering will be used to purchase a portfolio of about $500 million of mostly senior secured leveraged loans.

Carlyle Investment Management has priced two U.S. broadly syndicated CLO deals and one middle-market CLO offering in 2015.

The asset management firm is an affiliate of Washington, D.C.-based Carlyle Group.

© 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.