Chicago, May 1 – Invesco CLO Equity Fund 3 LP sold $498.2 million in a collateralized loan obligation being issued by Invesco U.S. CLO 2023-2, Ltd., according to multiple press releases.
The notes will mature on April 21, 2036.
The CLO consists of $320 million of class A senior secured floating-rate notes at SOFR plus 180 basis points, $60 million of class B senior secured floating-rate notes at SOFR plus 230 bps, $30 million of class C deferrable mezzanine secured floating-rate notes at SOFR plus 300 bps, $29 million of class D deferrable mezzanine secured floating-rate notes at SOFR plus 495 bps, $11 million of class E deferrable junior secured floating-rate notes at SOFR plus 783 bps, $1 million of class F deferrable junior secured floating-rate notes at SOFR plus 758 bps and $47.2 million of subordinated notes.
Invesco CLO Equity Fund 3 LP will manage the collateral through the end of the reinvestment period on April 21, 2028.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The notes can be called starting April 21, 2025.
The manager is a New York-based investment firm and is a subsidiary of Invesco Senior Secured Management Inc.
| Issuer: | Invesco U.S. CLO 2023-2, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $498.2 million
|
| Maturity: | April 21, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Invesco CLO Equity Fund 3 LP
|
| Call feature: | April 21, 2025
|
| Settlement date: | March 28
|
|
|
| Class A notes
|
| Amount: | $320 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 180 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $60 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $30 million
|
| Securities: | Deferrable mezzanine secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
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| Amount: | $29 million
|
| Securities: | Deferrable mezzanine secured floating-rate notes
|
| Coupon: | SOFR plus 495 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $11 million
|
| Securities: | Deferrable junior secured floating-rate notes
|
| Coupon: | SOFR plus 783 bps
|
| Rating: | Fitch: BB+
|
|
|
| Class F notes
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| Amount: | $1 million
|
| Securities: | Deferrable junior secured floating-rate notes
|
| Coupon: | SOFR plus 758 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $47.2 million
|
| Securities: | Subordinated notes
|
|
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