Chicago, April 22 – OPAL BSL LLC sold $403.3 million in a collateralized loan obligation issued by Golub Capital Partners CLO 60(B), Ltd., according to multiple press releases.
The notes will mature on Oct. 25, 2034.
The CLO consists of $118 million of class A-L1 floating-rate loans at SOFR plus 158 basis points, $130 million of class A-L2 floating-rate loans at SOFR plus 158 bps, $0 million of class A senior secured floating-rate notes at SOFR plus bps, $54 million of class B senior secured floating-rate notes at SOFR plus 215 bps, $23.4 million of class C secured deferrable floating-rate notes at SOFR plus 290 bps, $22.6 million of class D secured deferrable floating-rate notes at SOFR plus 377 bps, $17.8 million of class E secured deferrable floating-rate notes at SOFR plus 699 bps and $37.5 million of subordinated notes.
OPAL BSL LLC will manage the collateral through the end of the four-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
BofA Securities, Inc. was the placement agent.
OPAL is an investment firm and affiliate of middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 60(B), Ltd.
|
| Issue: | Floating-rate loans, floating-rate notes and subordinated notes
|
| Amount: | $403.3 million
|
| Maturity: | Oct. 25, 2034
|
| Structure: | Arbitrage cash flow CLO
|
| Placement agent: | BofA Securities, Inc.
|
| Manager: | OPAL BSL LLC
|
| Settlement date: | April 20
|
|
|
| Class A-L1 loans
|
| Amount: | $118 million
|
| Securities: | Floating-rate loans
|
| Coupon: | SOFR plus 158 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-L2 loans
|
| Amount: | $130 million
|
| Securities: | Floating-rate loans
|
| Coupon: | SOFR plus 158 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
|
| Amount: | $0 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $54 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 215 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $23.4 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 290 bps
|
| Rating: | Fitch: A+
|
|
|
| Class D notes
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| Amount: | $22.6 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 377 bps
|
| Rating: | Fitch: BBB
|
|
|
| Class E notes
|
| Amount: | $17.8 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 699 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $37.5 million
|
| Securities: | Subordinated notes
|
|
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