Chicago, Nov. 27 – GC Investment Management LLC is refinancing and extending for $1,345,420,000 the collateralized loan obligation issued by Golub Capital Partners CLO 42(M)-R, according to a presale report.
The notes will mature on Jan. 20, 2036.
The CLO consists of $762.75 million of class A-1R senior secured floating-rate notes at SOFR plus 230 basis points, $74.25 million of class A-2R senior secured floating-rate notes at SOFR plus 275 bps, $81 million of class B-R senior secured floating-rate notes at SOFR plus 320 bps, $108 million of class C-R senior secured deferrable floating-rate notes at SOFR plus 420 bps, $81 million of class D-R senior secured deferrable floating-rate notes at SOFR plus 620 bps and $238.42 million of subordinated notes.
GC Investment Management LLC will manage the collateral through the end of the reinvestment period on Jan. 20, 2028.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting Jan. 20, 2026.
SMBC Nikko Securities America Inc. and Morgan Stanley & Co. LLC were the placement agents.
Golub Capital is a New York-based middle market lender.
| Issuer: | Golub Capital Partners CLO 42(M)-R
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $1,345,420,000
|
| Maturity: | Jan. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agents: | SMBC Nikko Securities America Inc. and Morgan Stanley & Co. LLC
|
| Manager: | GC Investment Management LLC
|
| Call feature: | Jan. 20, 2026
|
| Pricing date: | Nov. 20
|
| Settlement date: | Jan. 9, 2024
|
|
|
| Class A-1R notes
|
| Amount: | $762.75 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2R notes
|
| Amount: | $74.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 275 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-R notes
|
| Amount: | $81 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 320 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-R notes
|
| Amount: | $108 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 420 bps
|
| Rating: | S&P: A
|
|
|
| Class D-R notes
|
| Amount: | $81 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 620 bps
|
| Rating: | S&P: BBB-
|
|
|
| Subordinated notes
|
| Amount: | $238.42 million
|
| Securities: | Subordinated notes
|
|
|
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