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| Baker Street Funding CLO 2005-1 Ltd. |
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$359.4 million cashflow CLO, closed Dec 28, 2005
| Capital Structure |
Amount |
Percentage |
Original Rating |
| Class A-1 |
$234,000,000 |
65.1% |
AAA/Aaa |
| Class A-2 |
$35,000,000 |
9.7% |
AAA/Aaa |
| Class B |
$20,000,000 |
5.6% |
AA/Aa2 |
| Class C |
$18,000,000 |
5.0% |
A/A2 |
| Class D |
$16,000,000 |
4.5% |
BBB/Baa2 |
| Class E |
$9,400,000 |
2.5% |
BB/Ba2 |
| Equity |
$36,000,000 |
7.5% |
NR |
| Total: |
$359,000,000 |
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The collateral for the CLO consists primarily of senior secured loans issued by non-investment grade corporate
borrowers organized in the US. There is a 7.5% basket in total for senior unsecured loans, second lien loans and high yield bonds.
The portfolio manager for the transaction is George Goudelias.
For additional information click here
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