Chicago, March 22 – Alcentra Ltd. repriced €371.5 million from four classes of notes from the Jubilee CLO 2016-XVII DAC transaction still due April 15, 2031, according to a notice.
The refinancing notes includes the €198 million of class A-1 senior secured floating-rate notes at Euribor plus 65 basis points, €50 million of class A-2 senior secured floating-rate notes at Euribor plus 79 bps, €31.2 million of class B-1 senior secured floating-rate notes at Euribor plus 128 bps and €6.3 million of class B-2 1.65% senior secured fixed-rate notes.
Collateral for the notes comes from senior secured loans or senior secured bonds for the most part.
Alcentra Ltd. will continue to manage the CLO.
The London-based asset management firm is an indirect subsidiary of BNY Alcentra Group Holding, Inc.
| Issuer: | Jubilee CLO 2016-XVII DAC
|
| Issue: | Floating-rate and fixed-rate notes
|
| Structure: | Cash flow CLO
|
| Amount: | €285.5 million
|
| Maturity: | April 15, 2031
|
| Manager: | Alcentra Ltd.
|
| Announcement date: | March 22
|
|
|
| Class A-1 notes
|
| Amount: | €198 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 65 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | €50 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 79 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | €31.2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 128 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2 notes
|
| Amount: | €6.3 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 1.65%
|
| Rating: | Moody's: Aa2
|
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