Chicago, April 30 – Hayfin Capital Management LLC sold €403.8 million of new notes in a collateralized loan obligation due April 17, 2034 and lists Hayfin Emerald CLO VI DAC as issuer, according to a notice.
The portfolio includes €242 million of class A senior secured floating-rate notes at Euribor plus 80 basis points, €31.2 million of class B-1 senior secured floating-rate notes at Euribor plus 140 bps and €10 million of class B-2 1.75% senior secured fixed-rate notes.
Lower, there are €23.6 million of class C senior secured deferrable floating-rate notes at Euribor plus 235 bps, €31.2 million of class D senior secured deferrable floating-rate notes at Euribor plus 350 bps, €21.6 million of class E senior secured deferrable floating-rate notes at Euribor plus 607 bps, €8.4 million of class F senior secured deferrable floating-rate notes at Euribor plus 800 bps and €35.8 million of subordinated notes.
Goldman Sachs International is the arranger.
Hayfin Capital Management is directing the selection, acquisition and disposal of collateral for the 4.25-year reinvestment period.
Collateral comes primarily from senior secured obligations.
Hayfin Capital Management is part of London-based alternative asset management firm Hayfin Capital Management LLP.
| Issuer: | Hayfin Emerald CLO VI DAC
|
| Issue: | Floating-rate, fixed-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Amount: | €403.8 million
|
| Maturity: | April 17, 2034
|
| Agent: | Goldman Sachs International
|
| Manager: | Hayfin Capital Management LLC
|
| Settlement date: | April 22
|
|
|
| Class A notes
|
| Amount: | €242 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 80 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
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| Amount: | €31.2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 140 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2 notes
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| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 1.75%
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
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| Amount: | €23.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 235 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
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| Amount: | €31.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 350 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
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| Amount: | €21.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 607 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Class F notes
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| Amount: | €8.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 800 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | €35.8 million
|
| Securities: | Subordinated notes
|
|
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