Chicago, April 8 – Ellington CLO Management LLC has refinanced one class of notes from a 2018 collateralized loan obligation that listed Ellington CLO III, Ltd. as issuer, according to a notice.
The notes continue to have a July 22, 2030 maturity date.
The $42,309,265 of class A-2-R senior secured floating-rate notes will bear interest at Libor plus 175 basis points.
Collateral for the notes will come for the most part from first-lien senior secured loans and eligible investments.
Ellington CLO Management will stay on as the manager for the remainder of the 1.3-year reinvestment period.
Ellington CLO Management is an affiliate of Old Greenwich, Conn.-based Ellington Management Group, LLC.
| Issuer: | Ellington CLO III, Ltd.
|
| Issue: | Floating-rate notes
|
| Structure: | Cash flow CLO
|
| Amount: | $42,309,265
|
| Maturity: | July 22, 2030
|
| Manager: | Ellington CLO Management LLC
|
| Announcement date: | April 6
|
|
|
| Class A-2-R notes
|
| Amount: | $42,309,265
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | 175
|
| Rating: | Moody’s: Aaa
|
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