Chicago, April 30 – Spire Management Ltd. refinanced €420.7 million the notes and loan in the Aurium CLO VI DAC transaction with an extended May 22, 2034 maturity date, according to a notice.
The portfolio now has €129 million of class A senior secured floating-rate notes at Euribor plus 83 basis points, €150 million in a class A senior secured floating-rate loan at Euribor plus 83 bps, €35 million of class B-1 senior secured floating-rate notes at Euribor plus 155 bps and €10 million of class B-2 1.95% senior secured fixed-rate notes.
There were also €31.5 million of class C senior secured deferrable floating-rate notes at Euribor plus 220 bps, €28.1 million of class D senior secured deferrable floating-rate notes at Euribor plus 330 bps, €22.5 million of class E senior secured deferrable floating-rate notes at Euribor plus 604 bps and €14.6 million of class F senior secured deferrable floating-rate notes at Euribor plus 870 bps.
The €27 million of subordinated notes will remain outstanding.
Originally, the CLO sold €124.75 million of class A floating-rate notes at Euribor plus 190 bps and €25.5 million of class B floating-rate notes at Euribor plus 220 bps.
The CLO also originally sold €16 million of class C floating-rate notes at Euribor plus 280 bps, €13.2 million of class D floating-rate notes at Euribor plus 431 bps and €10.5 million of class E floating-rate notes.
Spire Management is listed as the collateral manager for the 4.5-year reinvestment period.
Collateral for the notes is mostly senior secured obligations with the great majority of borrowers based in Western Europe.
Spire is a fund management firm based in London.
| Issuer: | Aurium CLO VI DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and floating-rate loan
|
| Structure: | Cash flow CLO
|
| Amount: | €420.7 million
|
| Maturity: | May 22, 2034
|
| Manager: | Spire Management Ltd.
|
| Announcement date: | April 22
|
|
|
| Class A notes
|
| Amount: | €129 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 83 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A loan
|
| Amount: | €150 million
|
| Securities: | Senior secured floating-rate Loan
|
| Coupon: | Euribor plus 83 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | €35 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 155 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 1.95%
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | €31.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 220 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | €28.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 330 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | €22.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 604 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Class F notes
|
| Amount: | €14.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 870 bps
|
| Rating: | Moody's: B3
|
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