GC Investment sells $407.83 million; Golub affiliate eyes broadly syndicated CLO

By Cristal Cody

Tupelo, Miss., Dec. 10 – Middle-market supply increased with a new transaction from GC Investment Management LLC.

GC Investment Management, an affiliate of Golub Capital, priced $407.83 million of notes in the manager’s fourth middle-market CLO offering of the year.

Meanwhile, Golub affiliate OPAL BSL LLC plans to price $406.75 million of notes in a new broadly syndicated CLO.

CLO managers have sold about $8 billion of middle-market CLOs year to date, while more than $78 billion of dollar-denominated CLOs and over €20 billion of euro-denominated broadly syndicated CLOs have priced so far, according to market sources.

In its deal, GC Investment Management priced $407.83 million of notes due Feb. 5, 2030 in the middle-market CLO, according to market sources.

Golub Capital Partners TALF 2020-2, LP/Golub Capital Partners TALF 2020-2, LLC sold $247.5 million of class A floating-rate notes at Libor plus 185 basis points in the AAA-rated tranche.

SG Americas Securities LLC was the placement agent.

Meanwhile, OPAL BSL plans to price $406.75 million of notes due Jan. 20, 2034 in the broadly syndicated CLO offering, according to a market source.

The notes will be sold via Golub Capital Partners CLO 52(B) Ltd./Golub Capital Partners CLO 52(B) LLC.

J.P. Morgan Securities, LLC is the 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.