By Cristal Cody
Tupelo, Miss., Dec. 24 - Alcentra NY LLC priced $265.1 million of class A senior secured floating-rate notes due 2025 (Aaa/AAA/) at Libor plus 150 basis points in the Shackleton 2013-IV CLO Ltd./Shackleton 2013-IV CLO LLC transaction, according to an informed source.
The CLO also priced other tranches of notes in the deal, which has closed. Additional pricing information was not immediately available.
J.P. Morgan Securities LLC was the placement agent.
The CLO, collateralized by a revolving pool of broadly syndicated first-lien senior secured corporate loans, has a two-year non-call period and a four-year reinvestment period.
Alcentra NY, a sub-investment-grade debt manager and subsidiary of the Bank of New York Mellon Corp., will manage the CLO.
The firm sold the $525.5 million Shackleton 2013-III CLO Ltd./ Shackleton 2013-III CLO LLC offering in March.
| Issuer: | Shackleton 2013-IV CLO Ltd./ Shackleton 2013-IV CLO LLC
|
| Maturity: | 2025
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Manager: | Alcentra NY LLC
|
| Call feature: | Two years
|
| Settlement date: | Dec. 19
|
|
|
| Class A notes
|
| Amount: | $265.1 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 150 bps
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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