Chicago, March 7 – Arrowmark Colorado Holdings LLC sold $410.5 million in a collateralized loan obligation being issued by Elevation CLO 2021-15, Ltd., according to press release.
The notes will mature on Jan. 15, 2035.
The CLO consists of $4 million of class X-R senior secured floating-rate notes, $240 million of class A-1-R senior secured floating-rate notes, $20 million of class A-2-R senior secured floating-rate notes, $42.6 million of class B-R senior secured floating-rate notes, $20 million of class C-R secured deferrable floating-rate notes, $25.4 million of class D-R secured deferrable floating-rate notes, $20 million of class E-R secured deferrable floating-rate notes and $38.5 million of subordinated notes.
Arrowmark Colorado Holdings LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
Goldman Sachs & Co. LLC was the placement agent.
The investment management firm is based in Denver.
| Issuer: | Elevation CLO 2021-15, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $410.5 million
|
| Maturity: | Jan. 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Arrowmark Colorado Holdings LLC
|
| Settlement date: | Dec. 23
|
|
|
| Class X-R notes
|
| Amount: | $4 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1-R notes
|
| Amount: | $240 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2-R notes
|
| Amount: | $20 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
|
| Amount: | $42.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C-R notes
|
| Amount: | $20 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D-R notes
|
| Amount: | $25.4 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E-R notes
|
| Amount: | $20 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $38.5 million
|
| Securities: | Subordinated notes
|
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