By Cristal Cody
Tupelo, Miss., Sept. 25 – Guggenheim Partners Europe Ltd. repriced the €112.7 million tranche of class A-1B senior secured step-up floating-rate notes due Nov. 16, 2028 from a CLO first priced in 2015, according to a notice to noteholders on Monday.
In the original €406.5 million eight-tranche Cork Street CLO DAC deal priced in a private placement offering on Nov. 6, 2015, the CLO sold the step-up notes (Aaa//AAA) at Euribor plus 135 basis points. The notes were scheduled to step up to Euribor plus 195 bps after two years.
Final repricing details were not immediately available.
Guggenheim Partners Europe is a Dublin-based subsidiary of global asset manager Guggenheim Partners, LLC.
| Issuer: | Cork Street CLO DAC
|
| Amount: | €112.7 million refinancing
|
| Maturity: | Nov. 16, 2028
|
| Securities: | Senior secured step-up floating-rate notes
|
| Structure: | Cash flow CLO
|
| Manager: | Guggenheim Partners Europe Ltd.
|
| Settlement date: | Sept. 25
|
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