Chicago, July 8 – OPAL BSL LLC sold $458.3 million of new notes in a collateralized loan obligation transaction issued by Golub Capital Partners CLO 53(B), Ltd., according to multiple notices.
The notes mature July 20, 2034.
The portfolio has $283.5 million of class A senior secured floating-rate notes, $53.5 million of class B senior secured floating-rate notes at Libor plus 180 bps, $22.5 million of class C secured deferrable floating-rate notes, $28.5 million of class D secured deferrable floating-rate notes at Libor plus 305 bps and $26 million of class E secured deferrable floating-rate notes at Libor plus 670 bps.
There are also $44.3 million of subordinated notes.
BofA Securities, Inc. was the placement agent.
OPAL will select the collateral during the five-year reinvestment period.
Opal is an investment firm and affiliate of middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 53(B), Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $458.3 million
|
| Maturity: | July 20, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities, Inc.
|
| Manager: | OPAL BSL LLC
|
| Settlement date: | June 16
|
|
|
| Class A notes
|
| Amount: | $283.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Ratings: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $53.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 180 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $22.5 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | $28.5 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | Libor plus 305 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $26 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Coupon: | Libor plus 670 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $44.3 million
|
| Securities: | Subordinated notes
|
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