Chicago, July 29 – Tikehau Structured Credit Management LLC sold $325.44 million of bonds in a collateralized loan obligation being issued by Tikehau US CLO II Ltd./Tikehau US CLO II LLC, according to a presale report.
The notes will mature on July 20, 2033.
The CLO consists of $159 million of class A-1N senior secured floating-rate notes at SOFR plus 210 basis points, $49 million of class A-1F 5.15% senior secured fixed-rate notes, $9.75 million of class AJ senior secured floating-rate notes at SOFR plus 260 bps, $16.85 million of class BN senior secured floating-rate notes at SOFR plus 310 bps, $12.4 million of class BF 6.17% senior secured fixed-rate notes, $16.25 million of class C senior secured deferrable floating-rate notes at SOFR plus 400 bps, $13 million of class D1 senior secured deferrable floating-rate notes at SOFR plus 535 bps, $4.875 million of class D2 senior secured deferrable floating-rate notes at SOFR plus 561 bps, $13.81 million of class E senior secured deferrable floating-rate notes at SOFR plus 765 bps and $30.5 million of subordinated notes.
Tikehau Structured Credit Management LLC will manage the collateral through the end of the reinvestment period on July 20, 2026.
Collateral for the notes consists of broadly syndicated senior secured term loans.
The notes can be called starting July 20, 2024.
Jefferies LLC was the placement agent.
Tikehau is an alternative investment manager based in Paris.
| Issuer: | Tikehau US CLO II Ltd./Tikehau US CLO II LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $325.4375 million
|
| Maturity: | July 20, 2033
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Tikehau Structured Credit Management LLC
|
| Call feature: | July 20, 2024
|
| Settlement date: | Aug. 9
|
|
|
| Class A-1N notes
|
| Amount: | $159 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
|
|
| Class A-1F notes
|
| Amount: | $49 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.15%
|
|
|
| Class AJ notes
|
| Amount: | $9.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
|
|
| Class BN notes
|
| Amount: | $16.85 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 310 bps
|
| Rating: | S&P: AA
|
|
|
| Class BF notes
|
| Amount: | $12.4 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.17%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $16.25 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 400 bps
|
| Rating: | S&P: A
|
|
|
| Class D1 notes
|
| Amount: | $13 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 535 bps
|
| Rating: | S&P: BBB+
|
|
|
| Class D2 notes
|
| Amount: | $4.875 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 561 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $13.8125 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 765 bps
|
|
|
| Subordinated notes
|
| Amount: | $30.5 million
|
| Securities: | Subordinated notes
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
