Chicago, Jan. 10 – Tikehau Capital Europe Ltd. sold €397.9 million in a collateralized loan obligation being issued by Tikehau CLO VIII DAC, according to multiple press releases.
The notes will mature on Oct. 25, 2034.
The CLO consists of €240 million of class A senior secured floating-rate notes at Euribor plus 212 basis points, €34.2 million of class B-1 senior secured floating-rate notes at Euribor plus 374 bps, €5.8 million of class B-2 6.9% senior secured fixed-rate notes, €22 million of class C senior secured deferrable floating-rate notes at Euribor plus 475 bps, €24 million of class D senior secured deferrable floating-rate notes at Euribor plus 616 bps, €18 million of class E senior secured deferrable floating-rate notes at Euribor plus 840 bps, €14 million of class F senior secured deferrable floating-rate notes at Euribor plus 1043 bps and €39.9 million of subordinated notes.
Tikehau Capital Europe Ltd. will manage the collateral through the end of the reinvestment period on Dec. 15, 2026.
Collateral for the notes consists of senior secured obligations.
The notes can be called starting Dec. 16, 2024.
Goldman Sachs International and Societe Generale were the placement agents.
The investment firm is based in London.
Issuer: | Tikehau CLO VIII DAC
|
Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
Amount: | €397.9 million
|
Maturity: | Oct. 25, 2034
|
Structure: | Cash flow CLO
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Placement agents: | Goldman Sachs International and Societe Generale
|
Manager: | Tikehau Capital Europe Ltd.
|
Call feature: | Dec. 16, 2024
|
Settlement date: | Dec. 15.
|
|
Class A notes
|
Amount: | €240 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 212 bps
|
Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
Class B-1 notes
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Amount: | €34.2 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 374 bps
|
Rating: | Fitch: AA
|
|
Class B-2 notes
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Amount: | €5.8 million
|
Securities: | Senior secured fixed-rate notes
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Coupon: | 6.9%
|
Rating: | Fitch: AA
|
|
Class C notes
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Amount: | €22 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 475 bps
|
Rating: | Fitch: A
|
|
Class D notes
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Amount: | €24 million
|
Securities: | Senior secured deferrable floating-rate notes
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Coupon: | Euribor plus 616 bps
|
Rating: | Fitch: BBB-
|
|
Class E notes
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Amount: | €18 million
|
Securities: | Senior secured deferrable floating-rate notes
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Coupon: | Euribor plus 840 bps
|
Rating: | Fitch: BB-
|
|
Class F notes
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Amount: | €14 million
|
Securities: | Senior secured deferrable floating-rate notes
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Coupon: | Euribor plus 1043 bps
|
Rating: | Fitch: B-
|
|
Subordinated notes
|
Amount: | €39.9 million
|
Securities: | Subordinated notes
|
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