Chicago, July 12 – KKR Financial Advisors II, LLC sold $336.25 million in a collateralized loan obligation issued by KKR CLO 52 Ltd., according to presale reports.
The notes will mature on July 16, 2036.
The CLO consists of $210.75 million of class A-1 senior secured floating-rate notes at SOFR plus 190 basis points, $10.25 million of class A-2 senior secured floating-rate notes at SOFR plus 225 bps, $30.25 million of class B-1 senior secured floating-rate notes at SOFR plus 275 bps, $7 million of class B-2 senior secured floating-rate notes at SOFR plus bps, $19 million of class C senior secured deferrable floating-rate notes at SOFR plus 340 bps, $21.25 million of class D senior secured deferrable floating-rate notes at SOFR plus 500 bps, $9.5 million of class E senior secured deferrable floating-rate notes at SOFR plus 881 bps, $250,000 of class F senior secured deferrable floating-rate notes at SOFR plus 914 bps and $28 million of subordinated notes.
KKR Financial Advisors II, LLC will manage the collateral through the end of the reinvestment period on July 17, 2028.
Collateral for the notes consists of portfolio of non-investment-grade broadly syndicated loans.
The notes can be called starting July 7, 2025.
Morgan Stanley & Co. LLC was the placement agent.
KKR Financial is a subsidiary of San Francisco-based KKR Credit Advisors (US) LLC.
| Issuer: | KKR CLO 52 Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $336.25 million
|
| Maturity: | July 16, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Morgan Stanley & Co. LLC
|
| Manager: | KKR Financial Advisors II, LLC
|
| Call feature: | July 7, 2025
|
| Settlement date: | July 6
|
|
|
| Class A-1 notes
|
| Amount: | $210.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 190 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $10.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | $30.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 275 bps
|
| Rating: | Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | $7 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $19 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 340 bps
|
| Rating: | Fitch: A+
|
|
|
| Class D notes
|
| Amount: | $21.25 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 500 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $9.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 881 bps
|
| Rating: | Fitch: BB+
|
|
|
| Class F notes
|
| Amount: | $250,000
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 914 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $28 million
|
| Securities: | Subordinated notes
|
|
|
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