Chicago, Sept. 8 – Palmer Square Capital Management LLC sold $535.3 million in a collateralized loan obligation issued by Palmer Square Loan Funding 2022-5, Ltd., according to a press release.
The notes will mature on Jan. 15, 2031.
The CLO consists of $374 million of class A-1 senior secured floating-rate notes, $66 million of class A-2 senior secured floating-rate notes, $26.1 million of class B senior secured deferrable floating-rate notes, $23.1 million of class C senior secured deferrable floating-rate notes, $22.3 million of class D senior secured deferrable floating-rate notes and $23.8 million of subordinated notes.
Palmer Square Capital Management LLC will manage the CLO. There is no reinvestment period as it is static.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
Palmer Square Capital is an investment management firm based in Leawood, Kan.
| Issuer: | Palmer Square Loan Funding 2022-5, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $535.3 million
|
| Maturity: | Jan. 15, 2031
|
| Structure: | Cash flow CLO
|
| Manager: | Palmer Square Capital Management LLC
|
| Settlement date: | Aug. 26
|
|
|
| Class A-1 notes
|
| Amount: | $374 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
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| Amount: | $66 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa1
|
|
|
| Class B notes
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| Amount: | $26.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class C notes
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| Amount: | $23.1 million
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| Securities: | Senior secured deferrable floating-rate notes
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| Rating: | Moody's: Baa3
|
|
|
| Class D notes
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| Amount: | $22.3 million
|
| Securities: | Senior secured deferrable floating-rate notes
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| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
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| Amount: | $23.8 million
|
| Securities: | Subordinated notes
|
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