Chicago, Sept. 9 – Putnam Advisory Co., LLC sold $352.1 million in a collateralized loan obligation issued by 37 Capital CLO 2, Ltd., according to a press release.
The notes will mature on July 17, 2034.
The CLO consists of $178.5 million of class A-1A senior secured floating-rate notes, $31.5 million of class A-1B 5.05% senior secured fixed-rate notes, $3 million of class A-2A senior secured floating-rate notes, $14.5 million of class A-2B 5.59% senior secured fixed-rate notes, $19.1 million of class B-1 senior secured floating-rate notes, $18.5 million of class B-2 5.97% senior secured fixed-rate notes, $11 million of class C-1 mezzanine secured deferrable floating-rate notes, $3 million of class C-2 6.14% mezzanine secured deferrable fixed-rate notes, $20.1 million of class D mezzanine secured deferrable floating-rate notes, $18.4 million of class E junior secured deferrable floating-rate notes and $34.5 million of subordinated notes.
Putnam Advisory Company, LLC will manage the collateral through the end of the four-year reinvestment period.
Collateral for the notes consists of senior secured loans, cash and eligible investments.
A subsidiary of Putnam Investments, the capital market company is based in Boston, Mass.
| Issuer: | 37 Capital CLO 2, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $352.1 million
|
| Maturity: | July 17, 2034
|
| Structure: | Cash flow CLO
|
| Manager: | Putnam Advisory Co., LLC
|
| Settlement date: | Aug. 16
|
|
|
| Class A-1A notes
|
| Amount: | $178.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1B notes
|
| Amount: | $31.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.05%
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2A notes
|
| Amount: | $3 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2B notes
|
| Amount: | $14.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.59%
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | $19.1 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class B-2 notes
|
| Amount: | $18.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.97%
|
| Rating: | Moody's: Aa2
|
|
|
| Class C-1 notes
|
| Amount: | $11 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class C-2 notes
|
| Amount: | $3 million
|
| Securities: | Mezzanine secured deferrable fixed-rate notes
|
| Coupon: | 6.14%
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | $20.1 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $18.4 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $34.5 million
|
| Securities: | Subordinated notes
|
|
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