Flatiron CLO 23 LLC. a limited liability Delaware entity, issued securities secured primarily by a portfolio of leveraged loans.
Closing Date: May 9, 2023
Stated Maturity: April 17, 2036
Reinvestment Period Ends: April 17, 2028
Assets: Leveraged Loans
Below is a breakdown of the capital structure at original issuance:
Class A Notes
1Aaa(sf)/NR
1$256.00
1SOFR 1.80%
1Class B Notes
1NR/AAsf
1$48.00
0SOFR 2.45%
0Class C Notes
1NR/Asf
1$22.40
1SOFR 3.35%
1Class D Notes
1NR/BBB-sf
1$24.40
1SOFR 5.25%
1Class E Notes
1NR/BB-sf
1$11.80
1SOFR 8.00%
1Class F Notes
1B3(sf)/NR
1$1.00
1Not Offered
1Class I Subordinated Notes
1NA
1$38.63
1NA
1Total
1$402.23
1
Team
High Yield Credit Group
The High Yield Credit Group manages approximately $26.2 billion in assets for the New York Life General Account, institutional separate accounts, retail funds and CLOs. The team is comprised of 20 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 five investment professionals with an average approximately 29 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 11 investment professionals with an average of 24 years of experience, who are responsible for issuer and industry-specific fundamental credit research.
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.