Chicago, May 10 – OPAL BSL LLC sold $400.5 million in a collateralized loan obligation issued by Golub Capital Partners CLO 66(B), Ltd., according to multiple press releases.
The notes will mature on April 25, 2036.
The CLO consists of $248 million of class A senior secured floating-rate notes at SOFR plus 195 basis points, $8 million of class A-J senior secured floating-rate notes at SOFR plus 220 bps, $42.8 million of class B senior secured floating-rate notes at SOFR plus 270 bps, $24.4 million of class C secured deferrable floating-rate notes at SOFR plus 330 bps, $24.8 million of class D secured deferrable floating-rate notes at SOFR plus 550 bps, $14 million of class E secured deferrable floating-rate notes at SOFR plus 812 bps and $38.5 million of subordinated notes.
OPAL BSL LLC will manage the collateral through the end of the reinvestment period on April 25, 2028.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The notes can be called starting April 25, 2025.
OPAL is an investment firm and affiliate of middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 66(B), Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $400.5 million
|
| Maturity: | April 25, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | OPAL BSL LLC
|
| Call feature: | April 25, 2025
|
| Settlement date: | April 13
|
|
|
| Class A notes
|
| Amount: | $248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-J notes
|
| Amount: | $8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 220 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $42.8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 270 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $24.4 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 330 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
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| Amount: | $24.8 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 550 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
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| Amount: | $14 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 812 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $38.5 million
|
| Securities: | Subordinated notes
|
|
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