Chicago, Jan. 18 – Warwick Capital CLO Management LLC sold $402.3 million in a collateralized loan obligation issued by Warwick Capital CLO 2 Ltd., according to multiple press releases.
The notes will mature on Jan. 15, 2037.
The CLO consists of $240 million of class A-1 floating-rate notes at SOFR plus 195 basis points, $16 million of class A-2 floating-rate notes at SOFR plus 235 bps, $48 million of class B floating-rate notes at SOFR plus 270 bps, $24 million of class C deferrable floating-rate notes at SOFR plus 345 bps, $22 million of class D deferrable floating-rate notes at SOFR plus 595 bps, $12 million of class E deferrable floating-rate notes at SOFR plus 858 bps and $40.3 million of subordinated notes.
Warwick Capital CLO Management LLC will manage the collateral through the end of the reinvestment period on Jan. 18, 2028.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The notes can be called starting Jan. 15, 2026.
The collateral manager is a subsidiary of Warwick Capital Partners, a London and Stamford-based investment firm.
| Issuer: | Warwick Capital CLO 2 Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $402.3 million
|
| Maturity: | Jan. 15, 2037
|
| Structure: | Cash flow CLO
|
| Manager: | Warwick Capital CLO Management LLC
|
| Call feature: | Jan. 15, 2026
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 17, 2023
|
|
|
| Class A-1 notes
|
| Amount: | $240 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $16 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 235 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 270 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | SOFR plus 345 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $22 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | SOFR plus 595 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $12 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | SOFR plus 858 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $40.3 million
|
| Securities: | Subordinated notes
|
|
|
|
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