Chicago, Feb. 11 – CELF Advisors LLP sold €408.6 million in a collateralized loan obligation issued by Carlyle Euro CLO 2021-3 DAC, according to an indenture.
The notes will mature on Feb. 15, 2035.
The CLO consists of €244 million of class A-1 senior secured floating-rate notes at Euribor plus 95 basis points, €36 million of class A-2A senior secured floating-rate notes at Euribor plus 170 bps, €10 million of class A-2B 2.1% senior secured fixed-rate notes, €25.2 million of class B senior secured deferrable floating-rate notes at Euribor plus 215 bps, €26.8 million of class C senior secured deferrable floating-rate notes at Euribor plus 350 bps, €19.2 million of class D senior secured deferrable floating-rate notes at Euribor plus 646 bps, €11.6 million of class E senior secured deferrable floating-rate notes at Euribor plus 913 bps and €35.8 million of subordinated notes.
CELF Advisors LLP will manage the collateral through the end of the reinvestment period on Jan. 6, 2027.
The assets securing the notes will primarily be senior obligations, mezzanine obligations and high-yield bonds.
The notes can be called starting Jan. 6, 2024.
Jefferies was the placement agent.
London-based CELF is part of the Washington, D.C.-based Carlyle Group LP.
| Issuer: | Carlyle Euro CLO 2021-3 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €408.6 million
|
| Maturity: | Feb. 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies
|
| Manager: | CELF Advisors LLP
|
| Call feature: | Jan. 6, 2024
|
| Settlement date: | Jan. 5
|
|
|
| Class A-1 notes
|
| Amount: | €244 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 95 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A-2A notes
|
| Amount: | €36 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 170 bps
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class A-2B notes
|
| Amount: | €10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.1%
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B notes
|
| Amount: | €25.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 215 bps
|
| Price: | Par
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class C notes
|
| Amount: | €26.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 350 bps
|
| Price: | Par
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class D notes
|
| Amount: | €19.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 646 bps
|
| Price: | 99
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class E notes
|
| Amount: | €11.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 913 bps
|
| Price: | 96.5
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €35.8 million
|
| Price: | 95
|
| Securities: | Subordinated notes
|
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