Chicago, April 10 – Marathon Asset Management, LP refinanced for $314.375 million four notes from the collateralized loan obligation issued by Marathon CLO XIII Ltd., according to a press release.
The notes will mature on April 15, 2032.
The refinancing consists of $258.75 million of class A-A-R2 senior secured floating-rate notes, $12.5 million of class A-B-R2 senior secured floating-rate notes, $26 million of class A-2-R2 senior secured floating-rate notes and $17.125 million of class B-LR senior secured deferrable floating-rate notes.
Marathon Asset Management, LP will manage the collateral through the end of the reinvestment period on July 15, 2024.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
The notes can be called starting Dec. 31, 2024.
Marathon Asset Management is a global credit manager based in New York City.
| Issuer: | Marathon CLO XIII Ltd.
|
| Issue: | Floating-rate notes
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| Amount: | $314.375 million
|
| Maturity: | April 15, 2032
|
| Structure: | Cash flow CLO
|
| Manager: | Marathon Asset Management, LP
|
| Call feature: | Dec. 31, 2024
|
| Pricing date: | April 3
|
|
|
| Class A-A-R2 notes
|
| Amount: | $258.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-B-R2 notes
|
| Amount: | $12.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2-R2 notes
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| Amount: | $26 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-LR notes
|
| Amount: | $17.125 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
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