High Yield Credit Group
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CLOs

TCI-Flatiron CLO 2016-1

TCI-Flatiron CLO 2016-1

TCI-Flatiron CLO 2016-1 Ltd. a limited liability Cayman Islands entity, issued securities secured primarily by a portfolio of leveraged loans.

Closing Date:        July 2016

Stated Maturity:    July 2028

Reinvestment Period Ends: January 2021

Assets: Leveraged Loans

        

        

Below is a breakdown of the capital structure at original issuance:   

Security Issued
Moody's/Fitch Ratings
Amount of Issuance (in millions)
Coupon/Spread

Class A Notes

 1

Aaa/AAA

 1

$256.00

 1

LIBOR 1.55%

 1

Class B Notes

 1

Aa2/NA

 1

$46.00

 0

LIBOR 2.20%

 0

Class C Notes

 1

A2/NA

 1

$22.00

 1

LIBOR 3.05%

 1

Class D Notes

 1

Baa3/NA

 1

$24.00

 1

LIBOR 4.35%

 1

Class E Notes

 1

Ba3/NA

 1

$20.00

 1

LIBOR 7.25%

 1

Class I Subordinated Notes

 1

NA/NA

 1

$40.50

 1

NA

 1
1

Total

 1

$408.50

 1
1

        

        

Team

Newyork Life Investments

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.