Chicago, Feb. 3 – OPAL BSL LLC sold $407.2 million in a collateralized loan obligation being issued by Golub Capital Partners CLO 58(B), Ltd., according to multiple notices.
The notes will mature on Jan. 25, 2035.
The CLO consists of $67 million of class A-1 senior secured floating-rate notes at Libor plus 118 basis points, $179 million of class A-1 floating-rate loans at Libor plus 118 bps, $10 million of class A-2 senior secured floating-rate notes at Libor plus 145 bps, $46 million of class B senior secured floating-rate notes at Libor plus 180 bps, $24 million of class C secured deferrable floating-rate notes at Libor plus 230 bps, $24 million of class D secured deferrable floating-rate notes at Libor plus 350 bps, $17 million of class E secured deferrable floating-rate notes at Libor plus 681 bps and $40.2 million of subordinated notes.
OPAL BSL LLC will manage the collateral through the end of the 5.1-year reinvestment period.
Backing the notes will be first-lien senior secured leveraged loans.
BofA Securities, Inc. was the placement agent.
OPAL is a Chicago-based manager.
| Issuer: | Golub Capital Partners CLO 58(B), Ltd.
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | $407.2 million
|
| Maturity: | Jan. 25, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities, Inc.
|
| Manager: | OPAL BSL LLC
|
| Settlement date: | Dec. 15
|
|
|
| Class A-1 notes
|
| Amount: | $67 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 118 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1 loans
|
| Amount: | $179 million
|
| Securities: | Floating-rate loans
|
| Coupon: | Libor plus 118 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $10 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 145 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $46 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 180 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | Libor plus 230 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | Libor plus 350 bps
|
| Rating: | Fitch: BBB
|
|
|
| Class E notes
|
| Amount: | $17 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | Libor plus 681 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $40.2 million
|
| Securities: | Subordinated notes
|
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