Chicago, May 22 – Tikehau Capital Europe Ltd. sold €398.15 million in a collateralized loan obligation issued by Tikehau CLO IX DAC, according to two press releases.
The notes will mature on April 20, 2036.
The CLO consists of up to €123 million of class A senior secured floating-rate loans at Euribor plus 180 basis points, up to €121 million of class A senior secured floating-rate notes at Euribor plus 180 bps, €38 million of class B senior secured floating-rate notes at Euribor plus 325 bps, €23 million of class C senior secured floating-rate notes at Euribor plus 430 bps, €27 million of class D senior secured floating-rate notes at Euribor plus 640 bps, €20 million of class E senior secured floating-rate notes at Euribor plus 691 bps, €11 million of class F senior secured floating-rate notes at Euribor plus 1,005 bps and €35.15 million of subordinated notes.
Tikehau Capital Europe Ltd. will manage the collateral through the end of the 4.5-year reinvestment period.
Collateral for the notes consists of senior secured obligations.
The notes can be called starting 1.5 years.
The investment firm is based in London.
| Issuer: | Tikehau CLO IX DAC
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | €398.15 million
|
| Maturity: | April 20, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Tikehau Capital Europe Ltd.
|
| Call feature: | 1.5 years
|
| Settlement date: | April 5
|
|
|
| Class A loans
|
| Amount: | €123 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | Euribor plus 180 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A notes
|
| Amount: | €121 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 180 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | €38 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 325 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €23 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 430 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €27 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 640 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €20 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 691 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €11 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 1,005 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €35.15 million
|
| Securities: | Subordinated notes
|
|
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