By Cristal Cody
Tupelo, Miss., Sept. 14 – PineBridge Investments LLC priced $23.16 million of notes due May 16, 2031 in a partial refinancing of a vintage 2018 collateralized loan obligation offering, according to market sources.
Galaxy XXVII CLO Ltd./Galaxy XXVII CLO LLC sold $23.16 million of 2.4% class B-2-R senior secured fixed-rate notes (Aa2).
The notes were originally issued as a $23.16 billion tranche on April 17, 2018.
RBC Capital Markets, LLC was the refinancing placement agent.
Proceeds were used to redeem the original notes.
The CLO is collateralized primarily by broadly syndicated first-lien senior secured corporate loans.
PineBridge Investments is an asset management firm based in New York City.
| Issuer: | Galaxy XXVII CLO Ltd./Galaxy XXVII CLO LLC
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| Amount: | $23.16 million refinancing
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| Maturity: | May 16, 2031
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| Securities: | Fixed-rate notes
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| Structure: | Cash flow CLO
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| Refinancing agent: | RBC Capital Markets, LLC
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| Manager: | PineBridge Investments LLC
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| Coupon: | 2.4%
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 14
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| Rating: | Moody’s: Aa2
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