Chicago, July 28 – Investcorp Credit Management EU Ltd. sold €399.25 million in a collateralized loan obligation being issued by Harvest CLO XXX DAC, according to a presale report.
The notes will mature on April 27, 2037.
The CLO consists of €244 million of class A floating-rate notes at Euribor plus 185 basis points, €37.5 million of class B-1 floating-rate notes at Euribor plus 300 bps, €7.5 million of class B-2 7.% fixed-rate notes, €22 million of class C floating-rate notes at Euribor plus 390 bps, €27 million of class D floating-rate notes at Euribor plus 550 bps, €18 million of class E floating-rate notes at Euribor plus 785 bps, €12 million of class F floating-rate notes at Euribor plus 945 bps, €250,000 of class Z senior secured floating-rate notes at Euribor plus bps and €31 million of subordinated notes.
Investcorp Credit Management EU Ltd. will manage the collateral through the end of the reinvestment period on April 27, 2028.
Collateral for the notes consists of syndicated speculative-grade senior secured term loans and bonds.
The notes can be called starting Sept. 21, 2025.
Citigroup Global Markets Ltd. was the placement agent.
Investcorp is a subsidiary of Bahrain-based Investcorp Bank BSC.
| Issuer: | Harvest CLO XXX DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €399.25 million
|
| Maturity: | April 27, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Ltd.
|
| Manager: | Investcorp Credit Management EU Ltd.
|
| Call feature: | Sept. 21, 2025
|
| Settlement date: | Sept. 21
|
|
|
| Class A notes
|
| Amount: | €244 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 185 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €37.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 300 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | €7.5 million
|
| Securities: | Fixed-rate notes
|
| Coupon: | 7%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | €22 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 390 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | €27 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 550 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | €18 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 785 bps
|
| Rating: | S&P: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 945 bps
|
| Rating: | S&P: B-
|
|
|
| Class Z notes
|
| Amount: | €250,000
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus bps
|
|
|
| Subordinated notes
|
| Amount: | €31 million
|
| Securities: | Subordinated notes
|
|
|
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