Chicago, Feb. 11 – Napier Park Global Capital Ltd. sold €405.85 million in a collateralized loan obligation being issued by Henley CLO VI DAC, according to the listing particulars on the transaction.
The notes will mature on June 10, 2034.
The CLO consists of €232 million of class A senior secured floating-rate notes at Euribor plus 100 basis points, €29 million of class B-1 senior secured floating-rate notes at Euribor plus 170 bps, €20 million of class B-2 2.1% senior secured fixed-rate notes, €33 million of class C senior secured deferrable floating-rate notes at Euribor plus 215 bps, €27 million of class D senior secured deferrable floating-rate notes at Euribor plus 315 bps, €20 million of class E senior secured deferrable floating-rate notes at Euribor plus 611 bps, €12 million of class F senior secured deferrable floating-rate notes at Euribor plus 878 bps and €32.85 million of subordinated notes.
Napier Park Global Capital Ltd. will manage the collateral through the end of the reinvestment period on June 10, 2026.
The notes are secured by a portfolio of senior loans, senior secured bonds, mezzanine obligations and high-yield bonds.
The notes can be called starting June 10, 2023.
J.P. Morgan Securities plc was the placement agent.
Napier Park Global Capital is an asset management firm based in New York.
| Issuer: | Henley CLO VI DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes =
|
| Amount: | €405.85 million
|
| Maturity: | June 10, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities plc
|
| Manager: | Napier Park Global Capital Ltd.
|
| Call feature: | June 10, 2023
|
| Settlement date: | Dec. 9
|
|
|
| Class A notes
|
| Amount: | €232 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 100 bps
|
| Price: | Par
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €29 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 170 bps
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €20 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.1%
|
| Price: | Par
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €33 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 215 bps
|
| Price: | Par
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €27 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 315 bps
|
| Price: | Par
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €20 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 611 bps
|
| Price: | 99
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 878 bps
|
| Price: | 97
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €32.85 million
|
| Price: | Par
|
| Securities: | Subordinated notes
|
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