Chicago, May 14 – Zais Group, LLC refinanced three classes of notes from the Zais CLO 6 Ltd./Zais CLO 6 LLC collateralized loan obligation, according to a notice.
The refinancing notes are the $301.2 million of class A-1-R senior secured floating-rate notes at Libor plus 113 basis points, $45 million of class B-R senior secured floating-rate notes at Libor plus 180 bps and $30 million of class C-R deferrable mezzanine floating-rate notes at Libor plus 265 bps.
The class A-2 notes were going to be part of the refinancing transaction, but were pulled from the reoffering.
Zais will manage the collateral for the remainder of the reinvestment period.
The non-call period has been extended to Feb. 5, 2022 for the refinancing notes.
The maturity date remains July 16, 2029.
Jefferies LLC is the refinancing initial purchaser.
The structured credit asset management firm is based in Red Bank, N.J.
| Issuers: | Zais CLO 6 Ltd./Zais CLO 6 LLC
|
| Issue: | Floating-rate notes
|
| Amount: | $376.2 million
|
| Maturity: | July 16, 2029
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Zais Group, LLC
|
| Call feature: | Feb. 5, 2022
|
| Settlement date: | May 5
|
|
|
| Class A-1-R notes
|
| Amount: | $301.2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 113 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
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| Amount: | $45 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 180 bps
|
| Rating: | Moody's: Aa1
|
|
|
| Class C-R notes
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| Amount: | $30 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | Libor plus 265 bps
|
| Rating: | Moody's: A2
|
|
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