Chicago, March 8 – HalseyPoint Asset Management, LLC sold $506 million in a collateralized loan obligation being issued by HalseyPoint CLO 5, Ltd., according to press release.
The notes will mature on Jan. 30, 2035.
The CLO consists of $305 million of class A-1-A senior secured floating-rate notes, $5 million of class A-1-B 2.52% senior secured fixed-rate notes, $15 million of class A-2 senior secured floating-rate notes, $55 million of class B senior secured floating-rate notes, $21 million of class C-1 mezzanine secured deferrable floating-rate notes, $3.5 million of class C-2 3.53% mezzanine secured deferrable fixed-rate notes, $31 million of class D mezzanine secured deferrable floating-rate notes, $24.5 million of class E junior secured deferrable floating-rate notes and $46 million of subordinated notes.
HalseyPoint Asset Management, LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
Goldman Sachs & Co. LLC was the placement agent.
HalseyPoint is a Los Angeles-based asset management firm.
| Issuer: | HalseyPoint CLO 5, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $506 million
|
| Maturity: | Jan. 30, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | HalseyPoint Asset Management, LLC
|
| Settlement date: | Dec. 23
|
|
|
| Class A-1-A notes
|
| Amount: | $305 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1-B notes
|
| Amount: | $5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 2.52%
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $15 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $55 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C-1 notes
|
| Amount: | $21 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class C-2 notes
|
| Amount: | $3.5 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 3.53%
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | $31 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $24.5 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $46 million
|
| Securities: | Subordinated notes
|
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