Deutsche Asset Management's first infrastructure CLO, RIN I, closed on October 25, 2017. It is the first infrastructure CLO rated by Moody's under its Project Finance & Infrastructure CDO Rating Methodology. The CLO was 100% ramped at closing with a vehicle leverage of 6.67x and 15% par subordination through Baa3 rated Notes. The notes were priced at a WACD of 191 bps, and the equity achieved a cash on cash yield of 15.81% during the warehouse period. The document includes a detailed note tranche summary and structure terms.
documents/vol00010-efta01370093-pdf.pdf
{"title":"RIN I CLO Financial Summary","key_people":["Deutsche Asset Management"],"document_date":"2017-10-25","document_type":"tabular","document_subtype":"financial report","key_organizations":["Deutsche Asset Management","Moody's","Morgan Stanley"],"reference_numbers":["DB-SDNY-0062691","SDNY_GM_00208875","EFTA01370093"]}