High Yield Credit Group
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CLOs

Flatiron CLO 25

Flatiron CLO 25

Flatiron CLO 25 Ltd. a limited liability Cayman Islands entity, issued securities secured primarily by a portfolio of leveraged loans.

Closing Date:        September 25, 2024

Stated Maturity:    October 17, 2037

Reinvestment Period Ends: October 17, 2029

Assets: Leveraged Loans

        

        

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

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

Class A Notes

 1

AAA(sf)

 1

$256.00

 1

SOFR + 1.35%

 1

Class B Notes

 1

AA(sf)

 1

$48.00

 0

SOFR + 1.60%

 0

Class C Notes

 1

A(sf)

 1

$24.00

 1

SOFR + 1.85%

 1

Class D Notes

 1

BBB-(sf)

 1

$24.00

 1

SOFR + 2.85%

 1

Class E Notes

 1

BB-(sf)

 1

$16.00

 1

SOFR + 5.25%

 1

Class F Notes

 1

B-(sf)

 1

$4.00

 1

SOFR + 6.00%

 1

Subordinated Notes

 1

N/A

 1

$37.25

 1

Residual

 1
1

Total

 1

$409.25

 1
1

        

Team

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High Yield Credit Group

The High Yield Credit Group manages approximately $29.8 billion in assets for the New York Life General Account, institutional separate accounts, retail funds and CLOs. The team is comprised of 19 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 24 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 23 years of experience, who are responsible for issuer and industry-specific fundamental credit research.