Flatiron CLO 17 Ltd. a limited liability Cayman Islands entity, issued securities secured primarily by a portfolio of leveraged loans.
Closing Date: May 2017
Stated Maturity:
May 2030
Reinvestment Period Ends:
May 2022
Assets: Leveraged Loans
Below is a breakdown of the capital structure at original issuance:
Class A Notes
1Aaa/AAA
1$256.00
1LIBOR 1.55%
1Class B Notes
1Aa2/NA
1$46.00
LIBOR 2.20%
Class C Notes
1A2/NA
1$22.00
1LIBOR 3.05%
1Class D Notes
1Baa3/NA
1$24.00
1LIBOR 4.35%
1Class E Notes
1Ba3/NA
1$20.00
1LIBOR 7.25%
1Class I Subordinated Notes
1NA/NA
1$40.50
1NA
1Total
1$408.50
1
Team
High Yield Credit Group
The High Yield Credit Group manages approximately $15 billion in assets for the New York Life General Account, institutional separate accounts, retail funds and CDOs. The team is comprised of 18 professionals specialized in the management of non-investment grade corporate credit, including senior bank loans and bonds. The High Yield Credit Group's portfolio management and trading team includes seven investment professionals with an average approximately 23 years of experience, who have portfolio specific management and trading responsibilities. Two professionals responsible for trading support and portfolio analysis assist this team. The High Yield Credit research team is comprised of 10 investment professionals with an average of 22 years of experience, who are responsible for issuer and industry-specific fundamental credit research.
Literature
1. Original ratings at issuance. Ratings may change and tranche ratings may be different. A credit rating is not a recommendation to buy, sell, or hold securities and may be subject to revision or withdrawal at any time by the assigning rating agency.
The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. If any offer of securities is made, it shall be made pursuant to a definitive offering circular prepared by or on behalf of a specific issuer which would contain material information not contained herein.