GoldenTree prints $602.9 million; Benefit Street reprices; First Eagle refinances CLO

By Cristal Cody

Tupelo, Miss., July 30 – GoldenTree Loan Management LP priced $602.9 million of notes in the manager’s second CLO transaction of 2019.

Meanwhile, Benefit Street Partners LLC priced a $460 million refinancing of a 2016 broadly syndicated CLO offering.

Also in refinancing activity, First Eagle Private Credit, LLC sold $256.6 million of notes in a reprint and renaming of a vintage 2015 middle-market CLO deal.

In its deal, GoldenTree Loan Management priced $602.9 million of notes due Oct. 20, 2032 in the new CLO offering, according to a market source.

GoldenTree Loan Management US CLO 5 Ltd./GoldenTree Loan Management US CLO 5 Inc. priced $381 million of the class A floating-rate notes at Libor plus 130 basis points at the top of the capital stack.

Wells Fargo Securities, LLC was the structuring lead placement agent.

Morgan Stanley & Co. LLC and BofA Securities, Inc. were co-lead managers.

Meanwhile, Benefit Street Partners priced $460 million of notes due Jan. 15, 2029 in a refinancing of a 2016 vintage CLO transaction, according to a notice of revised proposed first supplemental indenture.

Benefit Street Partners CLO X Ltd./Benefit Street Partners CLO X LLC sold $320 million of the class A-1-R senior secured floating-rate notes at Libor plus 114 bps.

Citigroup Global Markets Inc. was the refinancing placement agent.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.