Chicago, June 15 – ORIX Advisers LLC sold $401.61 million in a collateralized loan obligation being issued by Signal Peak CLO 12 Ltd./Signal Peak CLO 12 LLC, according to a presale report.
The notes will mature on July 18, 2034.
The CLO consists of $240.2 million of class A-1 senior secured floating-rate notes at SOFR plus 154 basis points, $15.8 million of class A-2 4.14% senior secured fixed-rate notes, $28 million of class B-1 senior secured floating-rate notes at SOFR plus 260 bps, $20 million of class B-2 5.09% senior secured fixed-rate notes, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 345 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 482 bps, $13.6 million of class E senior secured deferrable floating-rate notes at SOFR plus 767 bps and $36.01 million of subordinated notes.
ORIX Advisers LLC will manage the collateral through the end of the reinvestment period on July 18, 2026.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting June 21, 2024.
J.P. Morgan Securities LLC was the placement agent.
ORIX is an investment adviser based out of New York.
Issuer: | Signal Peak CLO 12 Ltd./Signal Peak CLO 12 LLC
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Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
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Amount: | $401.61 million
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Maturity: | July 18, 2034
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Structure: | Cash flow CLO
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Placement agent: | J.P. Morgan Securities LLC
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Manager: | ORIX Advisers LLC
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Call feature: | June 21, 2024
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Settlement date: | June 21
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Class A-1 notes
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Amount: | $240.2 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 154 bps
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Rating: | S&P: AAA
|
|
Class A-2 notes
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Amount: | $15.8 million
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Securities: | Senior Secured fixed-rate notes
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Coupon: | 4.14%
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Rating: | S&P: AAA
|
|
Class B-1 notes
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Amount: | $28 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 260 bps
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Rating: | S&P: AA
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Class B-2 notes
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Amount: | $20 million
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Securities: | Senior secured fixed-rate notes
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Coupon: | 5.09%
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Rating: | S&P: AA
|
|
Class C notes
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Amount: | $24 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 345 bps
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Rating: | S&P: A
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Class D notes
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Amount: | $24 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 482 bps
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Rating: | S&P: BBB-
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Class E notes
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Amount: | $13.6 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 767 bps
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Rating: | S&P: BB-
|
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Subordinated notes
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Amount: | $36.01 million
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Securities: | Subordinated notes
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