Fernhill Park CLO Explores Refinancing or Liquidation of Notes

Fernhill Park CLO DAC has published a notice of optional redemption to its noteholders.

• The collateral manager and certain subordinated noteholders are exploring options to redeem the classes of rated notes via either liquidation or refinancing
  • The notes might be redeemed in whole or in part
• The deal priced in April 2024 with €504.1m in size and the class A of notes (DES) paying E+147bps
  • The vehicle currently has a 227.29bps weighted average cost of capital (WACC) and a 365bps weighted average spread, according to data compiled by Bloomberg
  • Check other stats on Bloomberg’s European CLO ...