The Carlyle Group issued a $461.5 million collateralized loan obligation dubbed Carlyle Global Market Strategies 2013-3, according to a Standard & Poor’s presale report.
The CLO consists of $324 million of floating-rate, ‘AAA’ rated, A-1 notes that priced a yield of Libor plus 115 basis points. Credit enhancement for the class of 37.32% for the class A notes falls in line with recent CLO deals that have priced this month. LCM XIV Limited Partnership, for example priced its ‘AAA’ notes on Wednesday at a yield of Libor plus 115 basis points; and credit enhancement for the class is 37.5% .
The $46 million of ‘AA’ rated class A-2 notes priced at a yield of Libor plus 155 basis points.; $43 million of ‘A’ rated class B notes priced at a yield of Libor plus 270 basis points.; $24 million of ‘BBB’ rated class C notes priced at a yield of Libor plus 375 basis points.; and $24.5 million of ‘BB’ rated class D notes priced at a yield of Libor plus 550 basis points..
Citigroup is the arranger on the deal which closed today.
