Flatiron CLO 18 Ltd. a limited liability Cayman Islands entity, issued securities secured primarily by a portfolio of leveraged loans.
Closing Date: April 2018
Stated Maturity: April 2031
Reinvestment Period Ends: April 2023
Assets: Leveraged Loans
Below is a breakdown of the capital structure at original issuance:
Security Issued
Moody's/Fitch Ratings1
Amount of Issuance
(in millions)
Coupon/Spread
Class A Notes
Aaa/AAA
$320.00
LIBOR 0.95%
Class B Notes
Aa2/NA
$60.00
LIBOR 1.35%
Class C Notes
A2/NA
$26.50
LIBOR 1.70%
Class D Notes
Baa3/NA
$31.00
LIBOR 2.60%
Class E Notes
Ba3/NA
$22.50
LIBOR 5.15%
Class I Subordinated Notes
NA/NA
$51.60
NA
Total:
$511.60
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.
