Chicago, Feb. 22 – Sculptor Europe Loan Management Ltd. sold €415.6 million in a collateralized loan obligation being issued by Sculptor European CLO IX DAC, according to multiple releases.
The notes will mature on Oct. 10, 2034.
The CLO consists of €248 million of class A senior secured floating-rate notes at Euribor plus 92 basis points, €27 million of class B-1 senior secured floating-rate notes at Euribor plus 175 bps, €13 million of class B-2 2.15% senior secured fixed-rate notes, €24 million of class C senior secured deferrable floating-rate notes at Euribor plus 220 bps, €28 million of class D senior secured deferrable floating-rate notes at Euribor plus 335 bps, €21 million of class E senior secured deferrable floating-rate notes at Euribor plus 632 bps, €12 million of class F senior secured deferrable floating-rate notes at Euribor plus 901 bps, €8 million of class Z senior notes and €34.6 million of subordinated notes.
Sculptor Europe Loan Management Ltd. will manage the collateral through the end of the 4.6-year reinvestment period.
The collateral will consist primarily of senior secured obligations.
BNP Paribas was the placement agent.
The London-based firm is part of Sculptor Capital Management, Inc.
Issuer: | Sculptor European CLO IX DAC
|
Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
Amount: | €415.6 million
|
Maturity: | Oct. 10, 2034
|
Structure: | Cash flow CLO
|
Placement agent: | BNP Paribas
|
Manager: | Sculptor Europe Loan Management Ltd.
|
Settlement date: | March 10
|
|
Class A notes
|
Amount: | €248 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 92 bps
|
Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
Class B-1 notes
|
Amount: | €27 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | Euribor plus 175 bps
|
Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
Class B-2 notes
|
Amount: | €13 million
|
Securities: | Senior secured fixed-rate notes
|
Coupon: | 2.15%
|
Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
Class C notes
|
Amount: | €24 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 220 bps
|
Rating: | Moody's: A2
|
| Fitch: A
|
|
Class D notes
|
Amount: | €28 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 335 bps
|
Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
Class E notes
|
Amount: | €21 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 632 bps
|
Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
Class F notes
|
Amount: | €12 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | Euribor plus 901 bps
|
Rating: | Moody's: B3
|
| Fitch: B-
|
|
Subordinated notes
|
Amount: | €34.6 million
|
Securities: | Subordinated notes
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.