Chicago, May 7 – Hayfin Capital Management LLC refinanced $58.8 million of two series of class B notes from the Hayfin Kingsland X, Ltd./Hayfin Kingsland X, LLC broadly syndicated collateralized loan obligation deal, according to a notice.
The refinancing notes are the $51.3 million of class B-1-R senior secured floating-rate notes at Libor plus 185 basis points and the $7.5 million of class B-2-R 3% senior secured fixed-rate notes.
The maturity date is still April 28, 2031.
Hayfin Capital Management remains the collateral manager. The reinvestment period was four years when the notes were originally sold in May 2019.
Hayfin Capital Management is part of London-based alternative asset management firm Hayfin Capital Management LLP.
| Issuers: | Hayfin Kingsland X, Ltd./Hayfin Kingsland X, LLC
|
| Issue: | Floating-rate and fixed-rate notes
|
| Structure: | Cash flow CLO
|
| Amount: | $58.8 million
|
| Maturity: | April 28, 2031
|
| Manager: | Hayfin Capital Management LLC
|
| Announcement date: | April 28
|
|
|
| Class B-1-R notes
|
| Amount: | $51.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 185 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2-R notes
|
| Amount: | $7.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3%
|
| Rating: | Moody's: Aa2
|
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