Carlyle U.S. CLO 2013-3 Risk Retention Investment LLC $19.075 Million Term Loans Assigned Rating

Stocks and Financial Services Press Releases Thursday December 7, 2017 09:05
NEW YORK--7 Dec--S&P Global Ratings
OVERVIEW
  • Carlyle U.S. CLO 2013-3 Risk Retention Investment LLC's term loans are backed mainly by 5% of the classes issued by Carlyle U.S. CLO 2013-3 Ltd., a collateralized loan obligation (CLO).
  • We assigned our 'AA- (sf)' rating to the term loans.
  • The rating reflects our view of Carlyle U.S. CLO 2013-3 Ltd.'s diversified collateral pool and credit enhancement and Carlyle U.S. CLO 2013-3 Risk Retention Investment LLC's legal structure, among other factors.
NEW YORK (S&P Global Ratings) Dec. 6, 2017--S&P Global Ratings today assigned its 'AA- (sf)' rating to Carlyle U.S. CLO 2013-3 Risk Retention Investment LLC' s $19.075 million term loans.

The term loans are backed mainly by 5% of the class A-1A-R, A-1B-R, and A-2-R notes issued by Carlyle U.S. CLO 2013-3 Ltd., a CLO managed by Carlyle CLO Management LLC. In addition, the documents state that the loans are backed by a 5% portion of Carlyle U.S. CLO 2013-3 Ltd.'s class B-R, C-R, D-R, and E-R notes and a portion of that transaction's collateral management fees. The issuer is a majority-owned affiliate (MOA) of Carlyle CLO Management LLC and is a bankruptcy-remote, single-use special-purpose entity.

Interest and principal from the underlying securities is passed through to pay interest and principal on Carlyle U.S. CLO 2013-3 Risk Retention Investment LLC's term loans. The underlying CLO's collateral management fees were transferred to the MOA issuer in the form of a contribution.


Latest Press Release

Poland-Based Debt Purchaser GetBack S.A. Outlook Revised To #B/B# Ratings Affirmed

MOSCOW (S&P Global Ratings) Feb. 19, 2018--S&P Global Ratings said today that it has revised its outlook on Poland-based distressed-debt purchaser GetBack S.A. to positive from stable. At the same time, we affirmed our 'B' long-term and 'B'...

Trade/Project Financier, Bachmann Welser To Launch USD 2 billion Project Finance Fund

Global Trade/Project Financier, Bachmann & Welser will launch a USD 2 billion Project finance fund in March 2018 with funds that will be backed by several private and institutional investors. (Logo:...

Photo Release: SCB and Thaioil toast first long-term financing for project investment and development in Vietnam

To constantly help clients expand to overseas markets, Siam Commercial Bank (SCB) is supporting Top Solvent (Vietnam) Liability Co., Ltd., a company under Thaioil Group, with a long-term loan of 310,791 million VND for project investment and development...

Photo Release: Maybank Kim Eng signs MOU with Stamford International University

Mr. Sukit Udomsirikul, Managing Director and Head of Research Department, Maybank Kim Eng Securities (Thailand) Public Company Limited and Dr. Andrew Scown, President of Stamford International University signed a Memorandum of Understanding (MOU) which...

KTC PROUD members rejoice!! Register today for 1 billing cycle interest and usage fee exemption.

"KTC" or Krungthai Card Public Company Limited, organizes the "2-get-1" campaign, providing value-oriented Thais with special privileges for their necessities, and to lighten the familial load in various forms, in order to prepare for every financial...

Related Topics