Chicago, March 2 – NCC CLO Manager LLC refinanced for $299.6 million the collateralized loan obligation issued by Nassau 2020-I Ltd., according to press release.
The notes will mature on Jan. 15, 2035.
The CLO consists of $50 million of class A-R loans floating-rate loans, $103.8 million of class A-1-R senior secured floating-rate notes, $30 million of class A-2-R 2.73% senior secured fixed-rate notes, $20.075 million of class B-1-R senior secured floating-rate notes, $21.425 million of class B-2-R 3.32% senior secured fixed-rate notes, $14.9 million of class C-R senior secured deferrable floating-rate notes, $17 million of class D-R senior secured deferrable floating-rate notes, $15.6 million of class E-R senior secured deferrable floating-rate notes and $26.8 million of subordinated notes.
NCC CLO Manager LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of a portfolio of broadly syndicated senior secured corporate loans.
Citigroup Global Markets Inc. was the placement agent.
NCC CLO Manager is an adviser of Darien, Conn.-based Nassau Corporate Credit LLC.
| Issuer: | Nassau 2020-I Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes, loans and subordinated notes
|
| Amount: | $299.6 million
|
| Maturity: | Jan. 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Manager: | NCC CLO Manager LLC
|
| Settlement date: | Dec. 29
|
|
|
| Class A-R loans
|
| Amount: | $50 million
|
| Securities: | Loans
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1-R notes
|
| Amount: | $103.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2-R notes
|
| Amount: | $30 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.73%
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1-R notes
|
| Amount: | $20.075 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2-R notes
|
| Amount: | $21.425 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3.32%
|
| Rating: | Moody's: Aa2
|
|
|
| Class C-R notes
|
| Amount: | $14.9 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D-R notes
|
| Amount: | $17 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E-R notes
|
| Amount: | $15.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $26.8 million
|
| Securities: | Subordinated notes
|
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