Chicago, April 5 – GC Investment Management LLC refinanced for $399.53 million the collateralized loan obligation issued by Golub Capital Partners CLO 46(M)-R, according to a presale report.
The notes will mature on April 20, 2037.
The CLO consists of $209.5 million of class A-1-R senior secured floating-rate notes at SOFR plus 181 basis points, $18.5 million of class A-2-R 5.77% senior secured fixed-rate notes, $44 million of class B-R senior secured floating-rate notes at SOFR plus 230 bps, $32 million of class C-R senior secured deferrable floating-rate notes at SOFR plus 305 bps, $24 million of class D-R senior secured deferrable floating-rate notes at SOFR plus 495 bps and $71.53 million of subordinated notes.
GC Investment Management LLC will manage the collateral through the end of the reinvestment period on April 20, 2028.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting April 17, 2026.
Wells Fargo Securities LLC was the placement agent.
Originally, the CLO had $156 million of class A-1-A senior secured floating-rate notes at Libor plus 180 bps, $50 million of 3.44% class A-1-B fixed-rate notes, $21 million of class A-2 senior secured floating-rate notes at Libor plus 205 bps and $21 million of class B senior secured floating-rate notes at Libor plus 265 bps.
Golub also initially had in the portfolio $20 million of class C-1 senior secured deferrable floating-rate notes at Libor plus 375 bps, $15 million of 5.44% class C-2 senior secured deferrable fixed-rate notes and $21 million of class C-1 senior secured deferrable floating-rate notes at Libor plus 270 bps.
The CLO also had $22 million of class D senior secured deferrable floating-rate notes at Libor plus 380 bps and $78.14 million of subordinated notes.
Golub Capital is a New York-based middle market lender.
| Issuer: | Golub Capital Partners CLO 46(M)-R
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $399.53 million
|
| Maturity: | April 20, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities LLC
|
| Manager: | GC Investment Management LLC
|
| Call feature: | April 17, 2026
|
| Pricing date: | April 3
|
| Settlement date: | April 17
|
|
|
| Class A-1-R notes
|
| Amount: | $209.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 181 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2-R notes
|
| Amount: | $18.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.77%
|
| Rating: | S&P: AAA
|
|
|
| Class B-R notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-R notes
|
| Amount: | $32 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 305 bps
|
| Rating: | S&P: A
|
|
|
| Class D-R notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 495 bps
|
| Rating: | S&P: BBB-
|
|
|
| Subordinated notes
|
| Amount: | $71.53 million
|
| Securities: | Subordinated notes
|
|
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