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Flatiron 2014-1, Ltd. a limited liability Cayman Islands entity, issued securities secured primarily by a portfolio of leveraged loans.

  • Closing Date: July 2014
  • Stated Maturity: July 2026
  • Reinvestment Period Ends: July 2018
  • Assets: Floating Rate 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-1 Notes Aaa/AAA $256.00 LIBOR 1.38%
Class A-2 Notes Aa2/NA   $45.50 LIBOR 1.90%
Class B Notes A2/NA   $21.00 LIBOR 2.85%
Class C Notes Baa3/NA   $25.50 LIBOR 3.30%
Class D Notes Ba3/NA   $18.50 LIBOR 5.00%
Subordinate Notes NR/NA   $46.00 Excess spread
  Total: $412.50  


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.



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