By Cristal Cody
Tupelo, Miss., Aug. 27 – Credit Suisse Asset Management, LLC refinanced $20 million of fixed-rate notes due Aug. 23, 2030 from a vintage 2018 broadly syndicated collateralized loan obligation offering, according to market sources.
Madison Park Funding XLIII Ltd./Madison Park Funding XLIII LLC priced $20 million of class A-2b-R fixed-rate notes with a 2.304% coupon.
The CLO, formerly known as Atrium XIV/Atrium XIV LLC, originally issued $20 million of class A-2b fixed-rate notes at a 4.324% coupon on Aug. 23, 2018.
The CLO, backed primarily by first-lien senior secured loans, has a three-year reinvestment period.
Proceeds were used to redeem the class A-2b notes.
Credit Suisse Asset Management is a unit of Credit Suisse Group AG.
| Issuer: | Madison Park Funding XLIII Ltd./Madison Park Funding XLIII LLC
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| Amount: | $20 million
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| Maturity: | Aug. 23, 2030
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| Securities: | Class A-2b-R fixed-rate notes
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| Structure: | Cash flow CLO
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| Manager: | Credit Suisse Asset Management, LLC
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| Coupon: | 2.304%
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 27
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| Rating: | Fitch: AAA
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| Distribution: | Rule 144A and Regulation S
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