Carlyle Investment Management to price $509.1 million CLO 2015-4

By Cristal Cody

Tupelo, Miss., Nov. 9 – Carlyle Investment Management LLC is offering $509.1 million of notes in a collateralized loan obligation transaction, according to a market source.

The Carlyle Global Market Strategies CLO 2015-4, Ltd./Carlyle Global Market Strategies CLO 2015-4 LLC deal includes $321.8 million of class A-1 floating-rate notes (//AAA), $55 million of class A-2A floating-rate notes; $24.65 million of class B floating-rate notes; $33.35 million of class C floating-rate notes; $25.4 million of class D floating-rate notes and $49.1 million of subordinated notes.

Citigroup Global Markets Inc. is the placement agent.

Carlyle Investment Management will manage the CLO.

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

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

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

Carlyle Investment Management has priced two U.S. broadly syndicated CLO deals and one middle-market CLO offering year to date.

The asset management firm is an affiliate of the 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.