Chicago, Sept. 9 – Napier Park Global Capital Ltd. sold €407.2 million in a collateralized loan obligation being issued by Henley CLO V DAC, according to a pre-sale report.
The notes will mature on Oct. 25, 2034.
The CLO consists of €234 million of class A senior secured floating-rate notes at Euribor plus 95 basis points, €22 million of class B-1 senior secured floating-rate notes at Euribor plus 175 bps, €25 million of class B-2 2.1% senior secured fixed-rate notes, €32.7 million of class C senior secured deferrable floating-rate notes at Euribor plus 230 bps, €25.3 million of class D senior secured deferrable floating-rate notes at Euribor plus 320 bps, €21 million of class E senior secured deferrable floating-rate notes at Euribor plus 590 bps, €12 million of class F senior secured deferrable floating-rate notes at Euribor plus 855 bps and €35.2 million of subordinated notes.
Napier Park Global Capital Ltd. will manage the collateral through the end of the reinvestment period on April 25, 2026.
The notes can be called starting March 9, 2023.
BofA Securities was the placement agent.
Napier Park Global Capital is an asset management firm based in New York.
| Issuer: | Henley CLO V DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €407.2 million
|
| Maturity: | Oct. 25, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities
|
| Manager: | Napier Park Global Capital Ltd.
|
| Call feature: | March 9, 2023
|
| Settlement date: | Sept. 3
|
|
|
| Class A notes
|
| Amount: | €234 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 95 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €22 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 175 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | €25 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.1%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | €32.7 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 230 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | €25.3 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 320 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | €21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 590 bps
|
| Rating: | S&P: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 855 bps
|
| Rating: | S&P: B-
|
|
|
| Subordinated notes
|
| Amount: | €35.2 million
|
| Securities: | Subordinated notes
|
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