Chicago, Oct. 18 – OPAL BSL LLC sold $421.33 million in a collateralized loan obligation being issued by Golub Capital Partners CLO 64(B), Ltd./Golub Capital Partners CLO 64(B), LLC, according to a presale report.
The notes will mature on October 2035.
The CLO consists of $263.5 million of class A senior secured floating-rate notes at SOFR plus 225 basis points, $48.24 million of class B senior secured floating-rate notes at SOFR plus 330 bps, $25.71 million of class C secured deferrable floating-rate notes at SOFR plus 445 bps, $27.2 million of class D secured deferrable floating-rate notes at SOFR plus 550 bps, $15.73 million of class E secured deferrable floating-rate notes and $40.95 million of subordinated notes.
OPAL BSL LLC will manage the collateral through the end of the reinvestment period in October 2027.
Collateral for the notes consists of non-investment-grade broadly syndicated loans and other assets.
The notes can be called starting October 2024.
J.P. Morgan Securities LLC was the placement agent.
OPAL is an investment firm and affiliate of middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 64(B), Ltd./Golub Capital Partners CLO 64(B), LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $421.325 million
|
| Maturity: | October 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Manager: | OPAL BSL LLC
|
| Call feature: | October 2024
|
| Settlement date: | Oct. 20
|
|
|
| Class A notes
|
| Amount: | $263.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
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| Amount: | $48.2375 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 330 bps
|
|
|
| Class C notes
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| Amount: | $25.7125 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 445 bps
|
|
|
| Class D notes
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| Amount: | $27.2 million
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| Securities: | Secured deferrable floating-rate notes
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| Coupon: | SOFR plus 550 bps
|
|
|
| Class E notes
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| Amount: | $15.725 million
|
| Securities: | Secured deferrable floating-rate notes
|
|
|
| Subordinated notes
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| Amount: | $40.95 million
|
| Securities: | Subordinated notes
|
|
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