Chicago, July 27 – OPAL BSL LLC sold $398.1 million in a collateralized loan obligation issued by Golub Capital Partners CLO 62(B), Ltd., according to a new issue report.
The notes will mature on July 17, 2034.
The CLO consists of $246.2 million of class A-1 senior secured floating-rate notes at SOFR plus 200 basis points, $9.8 million of class A-2 4.91% senior secured fixed-rate notes, $42.5 million of class B senior secured floating-rate notes at SOFR plus 300 bps, $24.5 million of class C secured deferrable floating-rate notes at SOFR plus 390 bps, $25 million of class D secured deferrable floating-rate notes at SOFR plus 492 bps, $14 million of class E secured deferrable floating-rate notes at SOFR plus 767 bps and $36.1 million of subordinated notes.
OPAL BSL LLC will manage the collateral through the end of the reinvestment period in four years.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Credit Suisse Securities (USA) LLC was the placement agent.
OPAL is an investment firm and affiliate of middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 62(B), Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $398.1 million
|
| Maturity: | July 17, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Credit Suisse Securities (USA) LLC
|
| Manager: | OPAL BSL LLC
|
| Settlement date: | July 25
|
|
|
| Class A-1 notes
|
| Amount: | $246.2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $9.8 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 4.91%
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $42.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
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| Amount: | $24.5 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 390 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $25 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 492 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 767 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $36.1 million
|
| Securities: | Subordinated notes
|
|
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