Chicago, June 27 – Northwoods European CLO Management LLC sold €447.95 million in a collateralized loan obligation issued by Northwoods Capital 26 Euro DAC, according to a new issue report, listing information and a press release.
The notes will mature on July 15, 2035.
The CLO consists of €267.6 million of class A senior secured floating-rate notes at Euribor plus 112 basis points, €32 million of class B-1 senior secured floating-rate notes at Euribor plus 230 bps, €22.5 million of class B-2 3.15% senior secured fixed-rate notes, €28.9 million of class C mezzanine secured deferrable floating-rate notes at Euribor plus 385 bps, €30 million of class D mezzanine secured deferrable floating-rate notes at Euribor plus 525 bps, €18 million of class E mezzanine secured deferrable floating-rate notes at Euribor plus 757 bps, €15 million of class F mezzanine secured deferrable floating-rate notes at Euribor plus 963 bps and €33.95 million of subordinated notes.
Northwoods European CLO Management LLC will manage the collateral through the end of the 2.1-yer reinvestment period.
Collateral for the notes consists of senior secured obligations.
Northwoods European CLO Management is a subsidiary of New York-based alternative investment manager Angelo, Gordon & Co., LP.
Issuer: | Northwoods Capital 26 Euro DAC
|
Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
Amount: | €447.95 million
|
Maturity: | July 15, 2035
|
Structure: | Cash flow CLO
|
Manager: | Northwoods European CLO Management LLC
|
Settlement date: | June 23
|
|
Class A notes
|
Amount: | €267.6 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 112 bps
|
Rating: | S&P: AAA
|
| Fitch: AAA
|
|
Class B-1 notes
|
Amount: | €32 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 230 bps
|
Rating: | S&P: AA
|
| Fitch: AA
|
|
Class B-2 notes
|
Amount: | €22.5 million
|
Securities: | Senior secured fixed-rate notes
|
Coupon: | 3.15%
|
Rating: | S&P: AA
|
| Fitch: AA
|
|
Class C notes
|
Amount: | €28.9 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | Euribor plus 385 bps
|
Rating: | S&P: A
|
| Fitch: A
|
|
Class D notes
|
Amount: | €30 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | Euribor plus 525 bps
|
Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
Class E notes
|
Amount: | €18 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | Euribor plus 757 bps
|
Rating: | S&P: BB-
|
| Fitch: BB-
|
|
Class F notes
|
Amount: | €15 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | Euribor plus 963 bps
|
Rating: | S&P: B-
|
| Fitch: B-
|
|
Subordinated notes
|
Amount: | €33.95 million
|
Securities: | Subordinated notes
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.