Chicago, June 23 – GoldenTree Asset Management LP refinanced $64 million from two classes of notes from the GoldenTree Credit Opportunities 2012-1 Financing, Ltd./GoldenTree Opportunities 2012-1 Financing, LLC vintage 2012 collateralized loan obligation deal, according to a notice.
The refinancing, still due June 15, 2034, has $32 million of class B-R2a senior secured floating-rate notes at Libor plus 225 basis points and $32 million of class B-R2b 2.92% senior secured fixed-rate notes.
At the last refinancing, the CLO sold $15 million of class A-1-R senior secured floating-rate notes at Libor plus 168 bps, $275 million of 4.604% class A-2-R senior secured fixed-rate notes, $64 million of 5.098% class B-R senior secured fixed-rate notes; $40 million of class C-R senior secured deferrable floating-rate notes at Libor plus 330 bps and $56 million of class D-R senior secured deferrable floating-rate notes at Libor plus 385 bps.
The four other classes of secured notes and one class of subordinated notes will remain outstanding from the portfolio.
Natixis Securities Americas LLC is the underwriter.
For the last year of the reinvestment period, GoldenTree will continue to manage the collateral. The notes are backed by broadly syndicated senior secured corporate loans.
GoldenTree is a New York City-based private investment firm.
| Issuers: | GoldenTree Credit Opportunities 2012-1 Financing, Ltd./GoldenTree Opportunities 2012-1 Financing, LLC
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| Issue: | Floating-rate notes and fixed-rate notes
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| Amount: | $64 million
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| Maturity: | June 15, 2034
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| Structure: | Cash flow CLO
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| Placement agent: | Natixis Securities Americas LLC
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| Manager: | GoldenTree Asset Management LP
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| Announcement date: | June 4
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| Class B-R2a notes
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| Amount: | $32 million
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| Securities: | Senior secured floating-rate notes
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| Coupon: | Libor plus 225 bps
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| Rating: | Moody's: Aa2
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| Class B-R2b notes
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| Amount: | $32 million
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| Securities: | Senior secured fixed-rate notes
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| Coupon: | 2.92%
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| Rating: | Moody's: Aa2
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