Chicago, Jan. 24 – Tikehau Capital Europe Ltd. refinanced for €372.4 million the collateralized loan obligation sold by Tikehau CLO II DAC, according to multiple releases.
The notes will mature on Sept. 7, 2035.
The refinancing consists of €248 million of class A-R senior secured floating-rate notes at Euribor plus 88 basis points, €23.9 million of class B-1R senior secured floating-rate notes at Euribor plus 175 bps, €12.5 million of class B-2R 2% senior secured fixed-rate notes, €24.6 million of class C-R senior secured floating-rate notes at Euribor plus 230 bps, €29.4 million of class D-R senior secured deferrable floating-rate notes at Euribor plus 340 bps, €22.4 million of class E-R senior secured deferrable floating-rate notes at Euribor plus 632 bps and €11.6 million of class F-R senior secured deferrable floating-rate notes at Euribor plus 895 bps.
Tikehau Capital Europe Ltd. will manage the collateral through the end of the extended 4.6-year reinvestment period.
Collateral will come from senior secured loans or senior secured bonds.
Jefferies International Ltd. was the placement agent.
Tikehau is an investment firm based in London.
| Issuer: | Tikehau CLO II DAC
|
| Issue: | Floating-rate notes and fixed-rate notes
|
| Amount: | €372.4 million
|
| Maturity: | Sept. 7, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies International Ltd.
|
| Manager: | Tikehau Capital Europe Ltd.
|
| Settlement date: | Oct. 20
|
| Reinvestment period: | 4.6 years
|
|
|
| Class A-R notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 88 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-1R notes
|
| Amount: | €23.9 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 175 bps
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class B-2R notes
|
| Amount: | €12.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2%
|
| Rating: | Moody's: Aa2
|
| Fitch: AA
|
|
|
| Class C-R notes
|
| Amount: | €24.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 230 bps
|
| Rating: | Moody's: A2
|
| Fitch: A
|
|
|
| Class D-R notes
|
| Amount: | €29.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 340 bps
|
| Rating: | Moody's: Baa3
|
| Fitch: BBB-
|
|
|
| Class E-R notes
|
| Amount: | €22.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 632 bps
|
| Rating: | Moody's: Ba3
|
| Fitch: BB-
|
|
|
| Class F-R notes
|
| Amount: | €11.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 895 bps
|
| Rating: | Moody's: B3
|
| Fitch: B-
|
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