Chicago, Feb. 4 – Tikehau Capital Europe Ltd. sold €408 million in a collateralized loan obligation being issued by Tikehau CLO VI DAC, according to multiple notices.
The notes will mature on Jan. 15, 2035.
The CLO consists of €248 million of class A floating-rate notes at Euribor plus 98 basis points, €27 million of class B-1 floating-rate notes at Euribor plus 178 bps, €13 million of class B-2 2.1% fixed-rate notes, €24 million of class C floating-rate notes at Euribor plus 240 bps, €29 million of class D floating-rate notes at Euribor plus 360 bps, €19.8 million of class E floating-rate notes at Euribor plus 632 bps, €11.6 million of class F floating-rate notes at Euribor plus 898 bps and €35.6 million of subordinated notes.
Tikehau Capital Europe Ltd. will manage the collateral through the end of the 4.6-year reinvestment period.
Collateral will mostly be senior, mezzanine, second-lien loans and high-yield bonds.
Natixis was the placement agent.
The investment firm is based in London.
| Issuer: | Tikehau CLO VI DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €408 million
|
| Maturity: | Jan. 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Natixis
|
| Manager: | Tikehau Capital Europe Ltd.
|
| Settlement date: | Dec. 21
|
|
|
| Class A notes
|
| Amount: | €248 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 98 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €27 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 178 bps
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €13 million
|
| Securities: | Floating-rate notes
|
| Coupon: | 2.1%
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €24 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 240 bps
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €29 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 360 bps
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €19.8 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 632 bps
|
| Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €11.6 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Euribor plus 898 bps
|
| Rating: | Moody's: B3
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €35.6 million
|
| Securities: | Subordinated notes
|
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