Chicago, April 30 – OPAL BSL LLC reset for $412.35 million the collateralized loan obligation issued by Golub Capital Partners CLO 52(B) Ltd./Golub Capital Partners CLO 52(B) LLC, according to a presale report.
The transaction will mature on April 20, 2037.
The reset CLO consists of $252 million of class A-R senior secured floating-rate notes at SOFR plus 155 basis points, $51.2 million of class B-R senior secured floating-rate notes at SOFR plus 200 basis points, $22.8 million of class C-R secured deferrable floating-rate notes at SOFR plus 245 basis points, $25.6 million of class D-R secured deferrable floating-rate notes at SOFR plus 375 basis points, $16 million of class E-R secured deferrable floating-rate notes at SOFR plus 675 basis points and $44.75 million of subordinated notes.
OPAL BSL LLC will manage the collateral through the end of the reinvestment period on April 20, 2029.
Collateral consists of primarily first-lien senior secured loans and eligible investments.
The CLO can be called starting April 20, 2026.
J.P. Morgan Securities LLC was the placement agent.
In the original CLO from December 2020, there were $240 million of class A-1 floating-rate notes at Libor plus 144 bps, $10 million of class A-2 floating-rate notes at Libor plus 180 bps and $54 million of class B floating-rate notes at Libor plus 200 bps.
The CLO also initially had $24 million of class C deferrable floating-rate notes at Libor plus 280 bps, $20 million of class D deferrable floating-rate notes at Libor plus 410 bps, $14 million of class E deferrable floating-rate notes at Libor plus 675 bps and $44.75 million of subordinated notes.
OPAL is an affiliate of New York-based middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 52(B)-R, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $412.35 million
|
| Maturity: | April 20, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Manager: | OPAL BSL LLC
|
| Call feature: | April 20, 2026
|
| Pricing date: | April 22
|
| Settlement date: | April 22
|
|
|
| Class A-R notes
|
| Amount: | $252 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 155 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
|
| Amount: | $51.2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
|
|
| Class C-R notes
|
| Amount: | $22.8 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 245 bps
|
|
|
| Class D-R notes
|
| Amount: | $25.6 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 375 bps
|
|
|
| Class E-R notes
|
| Amount: | $16 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 675 bps
|
|
|
| Subordinated notes
|
| Amount: | $44.75 million
|
| Securities: | Subordinated notes
|
|
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