Feingold O’Keefe plans to bring $515 million notes in Hull Street deal

By Cristal Cody

Tupelo, Miss., Oct. 17 – Feingold O’Keefe Capital, LLC plans to price $515 million of notes due 2026 in a collateralized loan obligation deal, according to a market source on Friday.

The Hull Street CLO Ltd./Hull Street CLO LLC offering includes $316 million of class A floating-rate notes (/AAA/); $60 million of class B floating-rate notes (/AA/); $38 million of class C deferrable floating-rate notes (/A/); $25.25 million of class D deferrable floating-rate notes (/BBB/); $20.75 million of class E deferrable floating-rate notes (/BB/); $10 million of class F deferrable floating-rate notes (/B/) and $45 million of subordinated notes.

Credit Suisse Securities (USA) LLC is the placement agent.

Feingold O’Keefe will manage the CLO, which is collateralized primarily by broadly syndicated senior secured loans.

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

Feingold O’Keefe Capital previously priced the $414 million Staniford Street CLO Ltd./Staniford Street CLO LLC deal on March 20 and the $515 million Longfellow Place CLO 2013-1, Ltd. transaction in January 2013.

The alternative asset investment firm is based in Boston.

© 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.