Chicago, March 11 – First Eagle Alternative Credit, LLC sold $517.7 million in a collateralized loan obligation issued by Wind River 2021-4 CLO Ltd., according to a press release.
The notes will mature on Jan. 22, 2035.
The CLO consists of $320 million of class A senior secured floating-rate notes, $53.8 million of class B senior secured floating-rate notes, $26.9 million of class C mezzanine secured deferrable floating-rate notes, $33.1 million of class D mezzanine secured deferrable floating-rate notes, $5.5 million of class E-1 junior secured deferrable floating-rate notes, $12.8 million of class E-2 junior secured deferrable floating-rate notes, $8 million of class E-3 junior secured deferrable floating-rate notes, $10 million of class F junior secured deferrable floating-rate notes and $38.3 million of subordinated notes.
First Eagle Alternative Credit, LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of senior secured obligations.
RBC Capital Markets, LLC was the placement agent.
Boston-based First Eagle is an alternative credit management firm.
| Issuer: | Wind River 2021-4 CLO Ltd.
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| Issue: | Floating-rate notes, subordinated notes and income notes
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| Amount: | $517.7 million
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| Maturity: | Jan. 22, 2035
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| Structure: | Cash flow CLO
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| Placement agent: | RBC Capital Markets, LLC
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| Manager: | First Eagle Alternative Credit, LLC
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| Settlement date: | Dec. 17, 2021
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| Class A notes
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| Amount: | $320 million
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| Securities: | Senior secured floating-rate notes
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| Rating: | Moody's: Aaa
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| Class B notes
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| Amount: | $53.8 million
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| Securities: | Senior secured floating-rate notes
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| Rating: | Moody's: Aa2
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| Class C notes
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| Amount: | $26.9 million
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| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Moody's: A2
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| Class D notes
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| Amount: | $33.1 million
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| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Moody's: Baa3
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| Class E-1 notes
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| Amount: | $5.5 million
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| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Moody's: Ba1
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| Class E-2 notes
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| Amount: | $12.8 million
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| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Moody's: Ba2
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| Class E-3 notes
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| Amount: | $8 million
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| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Moody's: Ba3
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| Class F notes
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| Amount: | $10 million
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| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Moody's: B3
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|
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| Subordinated notes
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| Amount: | $38.3 million
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| Securities: | Subordinated notes
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|
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| Income notes
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| Amount: | $9.3 million
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| Securities: | Income notes
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