Chicago, June 1 – Carlyle CLO Management LLC priced a new $466.82 million broadly syndicated CLO with Carlyle US CLO 2021-4 Ltd./Carlyle US CLO 2021-4 LLC listed as co-issuers, according to a pre-sale report.
The CLO matures April 20, 2034.
The portfolio has $276 million of class A-1 senior secured floating-rate notes at Libor plus 111 basis points, $18.4 million of class A-2 senior secured floating-rate notes at Libor plus 140 bps, $40.55 million of class B-1 senior secured floating-rate notes at Libor plus 165 bps and $14.65 million of class B-2 2.9815% senior secured fixed-rate notes.
Additionally, there are $27.6 million of class C senior secured deferrable floating-rate notes at Libor plus 195 bps, $27.6 million of class D senior secured deferrable floating-rate notes at Libor plus 295 bps, $18.4 million of class E senior secured deferrable floating-rate notes at Libor plus 660 bps and $43.622 million of subordinated notes.
Goldman Sachs & Co. LLC is the placement agent.
The collateral manager is Carlyle CLO Management through the end of the reinvestment period on April 20, 2026.
The notes can be called after April 20, 2023.
Collateral is generally senior secured term loans.
Carlyle CLO is a subsidiary of Washington, D.C.-based Carlyle Group.
| Issuers: | Carlyle US CLO 2021-4 Ltd./Carlyle US CLO 2021-4 LLC
|
| Issue: | Floating-rate, fixed-rate and subordinated notes
|
| Amount: | $466,822,000
|
| Maturity: | April 20, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Carlyle CLO Management LLC
|
| Call feature: | April 20, 2023
|
| Settlement date: | May 14
|
|
|
| Class A-1 notes
|
| Amount: | $276 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 111 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $18.4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 140 bps
|
| Rating: | S&P:
|
|
|
| Class B-1 notes
|
| Amount: | $40.55 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 165 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $14.65 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.9815%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $27.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 195 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $27.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 295 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $18.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 660 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $43.622 million
|
| Securities: | Subordinated notes
|
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