Chicago, Feb. 24 – Diameter Capital Partners LP added an extra class of notes for $25.6 million to the collateralized debt obligation issued by Diameter Credit Funding 2019-II, Ltd., according to a press release.
The notes will mature on Jan. 25, 2038.
The new class of notes consists of $25.6 million of class E 7.58% junior secured deferrable fixed-rate notes.
Diameter Capital Partners LP will manage the collateral through the end of the reinvestment period.
The non-call period has been extended.
Diameter also reduced the coupons on the class B notes, the class C notes and the class D notes.
No changes were made to the class A notes and the subordinated notes.
Natixis Securities Americas LLC was the placement agent.
Diameter Capital Partners is an investment firm based in New York.
| Issuer: | Diameter Credit Funding 2019-II, Ltd.
|
| Issue: | Fixed-rate notes
|
| Amount: | $25.6 million
|
| Maturity: | Jan. 25, 2038
|
| Structure: | Cash flow CDO
|
| Placement agent: | Natixis Securities Americas LLC
|
| Manager: | Diameter Capital Partners LP
|
| Announcement date: | Jan. 25
|
|
|
| Class E notes
|
| Amount: | $25.6 million
|
| Securities: | Junior secured deferrable fixed-rate notes
|
| Coupon: | 7.58%
|
| Rating: | Moody's: Ba3
|
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