Chicago, Jan. 17 – Canyon CLO Advisors LP sold $402.385 million in a collateralized loan obligation being issued by Canyon CLO 2022-2, Ltd., according to a presale report.
The notes will mature on Jan. 15, 2036.
The CLO consists of $248 million of class A floating-rate notes at SOFR plus 225 basis points, $52 million of class B floating-rate notes at SOFR plus 320 bps, $23 million of class C floating-rate notes at SOFR plus 390 bps, $25 million of class D floating-rate notes at SOFR plus 574 bps, $14.4 million of class E floating-rate notes at SOFR plus 600 bps, $600,000 of class F floating-rate notes at SOFR plus 533 bps and $39.39 million of subordinated notes.
Canyon CLO Advisors LP will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Canyon CLO Advisors is a Los Angeles-based subsidiary of alternative asset manager Canyon Capital Advisors LLC.
| Issuer: | Canyon CLO 2022-2, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $402,385,000
|
| Maturity: | Jan. 15, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | Canyon CLO Advisors LP
|
| Settlement date: | Jan. 13
|
|
|
| Class A notes
|
| Amount: | $248 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
|
|
| Class B notes
|
| Amount: | $52 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 320 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $23 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 390 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $25 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 574 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $14.4 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 600 bps
|
| Rating: | Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | $600,000
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 533 bps
|
|
|
| Subordinated notes
|
| Amount: | $39,385,000
|
| Securities: | Subordinated notes
|
|
|
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