Chicago, June 27 – Northwoods European CLO Management LLC sold €447.95 million in a collateralized loan obligation issued by Northwoods Capital 26 Euro DAC, according to a new issue report, listing information and a press release.
The notes will mature on July 15, 2035.
The CLO consists of €267.6 million of class A senior secured floating-rate notes at Euribor plus 112 basis points, €32 million of class B-1 senior secured floating-rate notes at Euribor plus 230 bps, €22.5 million of class B-2 3.15% senior secured fixed-rate notes, €28.9 million of class C mezzanine secured deferrable floating-rate notes at Euribor plus 385 bps, €30 million of class D mezzanine secured deferrable floating-rate notes at Euribor plus 525 bps, €18 million of class E mezzanine secured deferrable floating-rate notes at Euribor plus 757 bps, €15 million of class F mezzanine secured deferrable floating-rate notes at Euribor plus 963 bps and €33.95 million of subordinated notes.
Northwoods European CLO Management LLC will manage the collateral through the end of the 2.1-yer reinvestment period.
Collateral for the notes consists of senior secured obligations.
Northwoods European CLO Management is a subsidiary of New York-based alternative investment manager Angelo, Gordon & Co., LP.
| Issuer: | Northwoods Capital 26 Euro DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €447.95 million
|
| Maturity: | July 15, 2035
|
| Structure: | Cash flow CLO
|
| Manager: | Northwoods European CLO Management LLC
|
| Settlement date: | June 23
|
|
|
| Class A notes
|
| Amount: | €267.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 112 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
|
| Amount: | €32 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 230 bps
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | €22.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 3.15%
|
| Rating: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €28.9 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 385 bps
|
| Rating: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €30 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 525 bps
|
| Rating: | S&P: BBB-
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | €18 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 757 bps
|
| Rating: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €15 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 963 bps
|
| Rating: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €33.95 million
|
| Securities: | Subordinated notes
|
|
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