Chicago, Oct. 11 – Goldman Sachs Asset Management LP sold $401.66 million in a collateralized loan obligation being issued by Battery Park CLO II Ltd./Battery Park CLO II LLC, according to a presale report.
The notes will mature on Oct. 20, 2035.
The CLO consists of $244 million of class A-1 senior secured floating-rate notes at SOFR plus 221 basis points, $10 million of class A-2 5.75% senior secured fixed-rate notes, $40 million of class B-1 senior secured floating-rate notes at SOFR plus 320 bps, $10 million of class B-2 6.19% senior secured fixed-rate notes, $22 million of class C senior secured deferrable floating-rate notes at SOFR plus 445 bps, $20 million of class D senior secured deferrable floating-rate notes at SOFR plus 568 bps, $15 million of class E senior secured deferrable floating-rate notes at SOFR plus 836 bps and $40.66 million of subordinated notes.
Goldman Sachs Asset Management LP will manage the collateral through the end of the reinvestment period on Oct. 20, 2027.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
Wells Fargo Securities LLC was the placement agent.
Goldman Sachs is New York-based investment manager.
| Issuer: | Battery Park CLO II Ltd./Battery Park CLO II LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $401.66 million
|
| Maturity: | Oct. 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities LLC
|
| Manager: | Goldman Sachs Asset Management LP
|
| Settlement date: | Oct. 14
|
|
|
| Class A-1 notes
|
| Amount: | $244 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 221 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
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| Amount: | $10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.75%
|
| Rating: | S&P: AAA
|
|
|
| Class B-1 notes
|
| Amount: | $40 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 320 bps
|
| Rating: | S&P: AA
|
|
|
| Class B-2 notes
|
| Amount: | $10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.19%
|
| Rating: | S&P: AA
|
|
|
| Class C notes
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| Amount: | $22 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 445 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $20 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 568 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
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| Amount: | $15 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 836 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $40.66 million
|
| Securities: | Subordinated notes
|
|
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