Chicago, May 26 – GC Investment Management LLC sold $392.5 million in a collateralized loan obligation being issued by Golub Capital Partners CLO 67(M), according to a presale report.
The notes will mature on May 9, 2036.
The CLO consists of $232 million of class A-1 senior secured floating-rate notes at SOFR plus 250 basis points, $16 million of class A-2 senior secured floating-rate notes at SOFR plus 310 bps, $24 million of class B senior secured floating-rate notes at SOFR plus 365 bps, $32 million of class C senior secured deferrable floating-rate notes at SOFR plus 440 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 650 bps and $64.5 million of subordinated notes.
GC Investment Management LLC will manage the collateral through the end of the reinvestment period on May 9, 2027.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting June 15, 2025.
Natixis Securities Americas LLC was the placement agent.
The U.S. Virgin Islands-based manager is an affiliate of Golub Capital LLC.
| Issuer: | Golub Capital Partners CLO 67(M)
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $392.5 million
|
| Maturity: | May 9, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Natixis Securities Americas LLC
|
| Manager: | GC Investment Management LLC
|
| Call feature: | June 15, 2025
|
| Settlement date: | June 15
|
|
|
| Class A-1 notes
|
| Amount: | $232 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $16 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 310 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $24 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 365 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $32 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 440 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 650 bps
|
| Rating: | S&P: BBB-
|
|
|
| Subordinated notes
|
| Amount: | $64.5 million
|
| Securities: | Subordinated notes
|
|
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