By Cristal Cody
Tupelo, Miss., June 10 – Halcyon Loan Advisors LP priced a $512.46 million collateralized loan obligation offering, according to a market source.
Halcyon Loan Advisors Funding 2015-2 Ltd./Halcyon Loan Advisors Funding 2015-2 LLC sold $316.5 million of class A floating-rate notes at Libor plus 139 basis points; $56 million of class B floating-rate notes at Libor plus 210 bps; $28.75 million of class C floating-rate notes at Libor plus 315 bps; $19.25 million of class D-1 floating-rate notes at Libor plus 365 bps; $13.5 million of class D-2 floating-rate notes at Libor plus 440 bps; $26 million of class E floating-rate notes at Libor plus 570 bps; $10 million of class F floating-rate notes at Libor plus 723 bps and $42.46 million of subordinated notes.
Wells Fargo Securities LLC was the placement agent.
Halcyon Loan Advisors will manage the CLO.
Halcyon previously priced the $518 million Halcyon Loan Advisors Funding 2015-1 Ltd./Halcyon Loan Advisors Funding 2015-1 LLC deal on March 17.
The subsidiary of New York City-based Halcyon Loan Management, LLC brought four CLO deals in 2014.
| Issuer: | Halcyon Loan Advisors Funding 2015-2 Ltd./Halcyon Loan Advisors Funding 2015-2 LLC
|
| Amount: | $512.46 million
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities LLC
|
| Manager: | Halcyon Loan Advisors LP
|
| Pricing date: | June 3
|
|
|
| Class A notes
|
| Amount: | $316.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 139 bps
|
| Ratings: | Moody’s: Aaa expected
|
| Fitch: AAA expected
|
|
|
| Class B notes
|
| Amount: | $56 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 210 bps
|
| Rating: | Moody’s: Aa2 expected
|
|
|
| Class C notes
|
| Amount: | $28.75 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 315 bps
|
| Rating: | Moody’s: A2 expected
|
|
|
| Class D-1 notes
|
| Amount: | $19.25 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 365 bps
|
| Rating: | Moody’s: Baa3 expected
|
|
|
| Class D-2 notes
|
| Amount: | $13.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 440 bps
|
| Rating: | Moody’s: Baa3 expected
|
|
|
| Class E notes
|
| Amount: | $26 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 570 bps
|
| Rating: | Moody’s: Ba3 expected
|
|
|
| Class F notes
|
| Amount: | $10 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 723 bps
|
| Rating: | Moody’s: B3 expected
|
|
|
| Equity
|
| Amount: | $42.46 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
|
|
© 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.
