Chicago, May 19 – Regatta Loan Management LLC repriced $375.8 million from the collateralized loan obligation transaction issued by Regatta VI Funding Ltd./Regatta VI Funding LLC, according to a notice.
The maturity date has been extended to April 20, 2034.
The refinancing notes are the $4.5 million of class X-R senior secured floating-rate notes at Libor plus 80 basis points, $255.8 million of class A-R2 senior secured floating-rate notes at Libor plus 116 bps and $42 million of class B-R2 senior secured deferrable floating-rate notes at Libor plus 170 bps.
Lower, there are $20 million of class C-R2 mezzanine secured deferrable floating-rate notes at Libor plus 215 bps, $25.5 million of class D-R2 mezzanine secured deferrable floating-rate notes at Libor plus 310 bps, $22 million of class E-R2 junior secured deferrable floating-rate notes at Libor plus 675 bps and $6 million of class F junior secured deferrable floating-rate notes at Libor plus 880 bps.
Regatta Loan Management will still manage the collateral. The reinvestment period has been extended five years.
The non-call period has also been extended.
Collateral for the notes comes mostly from senior secured loans and eligible investments.
Regatta Loan Management is an investment firm based in New York City.
| Issuers: | Regatta VI Funding Ltd./Regatta VI Funding LLC
|
| Issue: | Floating-rate notes
|
| Amount: | $375.8 million
|
| Maturity: | April 20, 2034
|
| Structure: | Cash flow CLO
|
| Manager: | Regatta Loan Management LLC
|
| Announcement date: | May 13
|
|
|
| Class X-R notes
|
| Amount: | $4.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 80 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-R2 notes
|
| Amount: | $255.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 116 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R2 notes
|
| Amount: | $42 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 170 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class C-R2 notes
|
| Amount: | $20 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 215 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D-R2 notes
|
| Amount: | $25.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Libor plus 310 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E-R2 notes
|
| Amount: | $22 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 675 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Class F notes
|
| Amount: | $6 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 880 bps
|
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