By Cristal Cody
Tupelo, Miss., Feb. 13 – Golub Capital priced $444.2 million of notes due Jan. 25, 2032 in the Golub Capital Partners CLO 40(B), Ltd./Golub Capital Partners CLO 40(B), LLC transaction, according to market sources.
The CLO sold $207.5 million of class A-1 floating-rate notes at Libor plus 140 basis points and $8.9 million of class A-2 floating-rate notes at Libor plus 175 bps.
Golub also priced $38.1 million of class B floating-rate notes at Libor plus 200 bps; $22.8 million of class C floating-rate notes at Libor plus 275 bps; $27.5 million of class D floating-rate notes at Libor plus 385 bps; $27.9 million of class E floating-rate notes at Libor plus 575 bps and $48.5 million of subordinated notes.
MUFG was the placement agent.
Golub affiliate OPAL BSL LLC will manage the CLO, which has a two-year non-call period and a five-year reinvestment period.
The CLO is backed mainly by broadly syndicated first-lien senior secured term loans.
The middle market lender is based in New York.
| Issuer: | Golub Capital Partners CLO 40(B), Ltd./Golub Capital Partners CLO 40(B), LLC
|
| Amount: | $444.2 million
|
| Securities: | Floating-rate and subordinated notes
|
| Maturity: | Jan. 25, 2032
|
| Structure: | Cash flow CLO
|
| Placement agent: | MUFG
|
| Manager: | OPAL BSL LLC
|
| Call feature: | Two years
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 21
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Class A-1 notes
|
| Amount: | $207.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 140 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $8.9 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 175 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $38.1 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 200 bps
|
| Ratings: | Non-rated
|
|
|
| Class C notes
|
| Amount: | $22.8 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 275 bps
|
| Ratings: | Non-rated
|
|
|
| Class D notes
|
| Amount: | $27.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 385 bps
|
| Ratings: | Non-rated
|
|
|
| Class E notes
|
| Amount: | $27.9 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 575 bps
|
| Ratings: | Non-rated
|
|
|
| Equity
|
| Amount: | $48.5 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
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