Chicago, Sept. 28 – Hayfin Emerald Management LLP sold €444.3 million in a collateralized loan obligation being issued by Hayfin Emerald CLO X DAC, according to a new issue report.
The notes will mature on April 15, 2035.
The CLO consists of €270 million of class A senior secured floating-rate notes at Euribor plus 169.5 basis points, €21.9 million of class B-1 senior secured floating-rate notes at Euribor plus 315 bps, €23.7 million of class B-2 senior secured floating-rate notes at Euribor plus 535 bps, €24.6 million of class C senior secured deferrable floating-rate notes at Euribor plus 430 bps, €30.3 million of class D senior secured deferrable floating-rate notes at Euribor plus 524 bps, €21.4 million of class E senior secured deferrable floating-rate notes at Euribor plus 686 bps, €15.3 million of class F senior secured deferrable floating-rate notes at Euribor plus 995 bps and €37.1 million of subordinated notes.
Hayfin Emerald Management LLP will manage the collateral through the end of the two-year reinvestment period.
Collateral for the notes consists of senior secured obligations.
Hayfin Capital Management is part of London-based alternative asset management firm Hayfin Capital Management LLP.
| Issuer: | Hayfin Emerald CLO X DAC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | €444.3 million
|
| Maturity: | April 15, 2035
|
| Structure: | Cash flow CLO
|
| Manager: | Hayfin Emerald Management LLP
|
| Settlement date: | Sept. 22
|
|
|
| Class A notes
|
| Amount: | €270 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 169.5 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €21.9 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 315 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €23.7 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 535 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €24.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 430 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €30.3 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 524 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €21.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 686 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €15.3 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 995 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €37.1 million
|
| Securities: | Subordinated notes
|
|
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