Chicago, Dec. 18 – Trinitas Capital Management LLC sold $403.83 million in a collateralized loan obligation being issued by Trinitas CLO XXV Ltd./Trinitas CLO XXV LLC, according to a presale report.
The notes will mature on Jan. 23, 2037.
The CLO consists of $242 million of class A-1 senior secured floating-rate notes at SOFR plus 185 basis points, $14 million of class A-2 senior secured floating-rate notes at SOFR plus 210 bps, $48 million of class B senior secured floating-rate notes at SOFR plus 275 bps, $6.5 million of class C-1 senior secured deferrable floating-rate notes at SOFR plus 325 bps, $13.5 million of class C-2 7.33% senior secured deferrable fixed-rate notes, $20 million of class D-1 senior secured deferrable floating-rate notes at SOFR plus 500 bps, $6 million of class D-2 senior secured floating-rate notes at SOFR plus 625 bps, $14 million of class E senior secured floating-rate notes at SOFR plus 840 bps and $39.83 million of subordinated notes.
Trinitas Capital Management LLC will manage the collateral through the end of the reinvestment period on Jan. 23, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Jan. 23, 2026.
CIBC World Markets Corp. was the placement agent.
The credit investment management firm is based in Dallas.
| Issuer: | Trinitas CLO XXV Ltd./Trinitas CLO XXV LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $403.83 million
|
| Maturity: | Jan. 23, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | CIBC World Markets Corp.
|
| Manager: | Trinitas Capital Management LLC
|
| Call feature: | Jan. 23, 2026
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 21
|
|
|
| Class A-1 notes
|
| Amount: | $242 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 185 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $14 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 275 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-1 notes
|
| Amount: | $6.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 325 bps
|
| Rating: | S&P: A+
|
|
|
| Class C-2 notes
|
| Amount: | $13.5 million
|
| Securities: | Senior secured deferrable fixed-rate notes
|
| Coupon: | 7.33%
|
| Rating: | S&P: A+
|
|
|
| Class D-1 notes
|
| Amount: | $20 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 500 bps
|
| Rating: | S&P: BBB+
|
|
|
| Class D-2 notes
|
| Amount: | $6 million
|
| Securities: | Senior Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 625 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Senior Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 840 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $39.83 million
|
| Securities: | Subordinated notes
|
|
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