Triumph Capital Advisors preps $416.1 million Trinitas CLO II deal

By Cristal Cody

Tupelo, Miss., June 19 – Triumph Capital Advisors, LLC is marketing a $416,125,000 collateralized loan obligation deal, according to a source.

The Trinitas CLO II Ltd./Trinitas CLO II LLC offering includes $3,625,000 of class X notes (/AAA/); $173.75 million of class A-1 notes (/AAA/); $75 million of class A-2 notes (/AAA/); $44.75 million of class B-1 notes (/AA/); $19 million of class B-2 notes (/AA/); $22 million of class C notes (/A/); $20.25 million of class D notes (/BBB/); $17.5 million of class E notes (/BB/); $5.75 million of class F notes (/B/) and $34.5 million of subordinated notes.

Nomura Securities International Inc. is the placement agent.

Triumph Capital Advisors will manage the CLO, which is backed primary by broadly syndicated senior secured loans.

The CLO has a two-year non-call period and a four-year reinvestment period.

The notes are due in July 2026.

Triumph Capital Advisors, a subsidiary of Dallas-based Triumph Bancorp, Inc., was in the primary market on March 31 with the $400 million Trinitas CLO I, Ltd. transaction.

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