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| Mountain View CLO II Ltd. |
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$462.5 million cashflow CLO, closed December 7, 2006
| Capital Structure |
Amount |
Percentage |
Original Rating |
| Class A-1 |
$217,000,000 |
46.9% |
AAA/Aaa |
| Class A-2 |
$118,000,000 |
25.5% |
AAA/Aaa |
| Class A-3 |
$7,000,000 |
1.5% |
AAA/Aaa |
| Class B |
$26,000,000 |
5.6% |
AA/Aa2 |
| Class C |
$24,100,000 |
5.2% |
A/A2 |
| Class D |
$19,700,000 |
4.3% |
BBB/Baa2 |
| Class E |
$14,700,000 |
3.2% |
BB/Ba2 |
| Equity |
$36,000,000 |
7.8% |
NR |
| Total: |
$462,500,000 |
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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 10% basket in
total for senior unsecured loans, second lien loans and
high yield bonds. The portfolio manger for the transaction
is George Goudelias. The first payment date for the liabilities
and equity is July 12, 2007.
For additional information click here |
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