By Cristal Cody
Tupelo, Miss., Oct. 23 – First Eagle Alternative Credit, LLC priced $19,993,322 of notes due Oct. 22, 2031 in a third partial refinancing of the Wind River 2014-3 CLO Ltd./Wind River 2014-3 CLO LLC transaction, according to market sources.
The CLO sold $20 million of 2% class A-1b-2R senior secured fixed-rate notes (Aaa/AAA).
Citigroup Global Markets Inc. was the refinancing agent.
The CLO was originally issued on Jan. 29, 2015 and was first refinanced on June 6, 2017 and Oct. 3, 2018.
The deal is backed primarily by broadly syndicated first-lien senior secured corporate loans.
Proceeds were used to redeem the outstanding notes.
Boston-based First Eagle is an alternative credit management firm.
| Issuer: | Wind River 2014-3 CLO Ltd./Wind River 2014-3 CLO LLC
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| Amount: | $19,993,322 refinancing
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| Maturity: | Oct. 22, 2031
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| Securities: | Class A-1b-2R senior secured fixed-rate notes
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| Structure: | Cash flow CLO
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| Refinancing agent: | Citigroup Global Markets Inc.
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| Manager: | First Eagle Alternative Credit, LLC
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| Coupon: | 2%
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| Settlement date: | Oct. 22
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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