By Cristal Cody
Tupelo, Miss., Oct. 16 – Voya Alternative Asset Management LLC priced $22.5 million of notes due Oct. 15, 2031 from a vintage 2018 broadly syndicated collateralized loan obligation offering, according to market sources.
Voya CLO 2018-3, Ltd./Voya CLO 2018-3 LLC sold $22.5 million of 1.69% class A-1B-R fixed-rate notes (AAA/AAA).
In the original $607.7 million offering issued October 2018, the CLO priced $22.5 million of 4.17% class A-1B fixed-rate notes.
Natixis Securities Americas LLC arranged the offering.
Proceeds were used to redeem the original class A-1B notes.
The CLO is backed mainly by broadly syndicated first-lien senior secured loans.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2018-3, Ltd./Voya CLO 2018-3 LLC
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| Amount: | $22.5 million refinancing
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| Maturity: | Oct. 15, 2031
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| Securities: | Class A-1B-R fixed-rate notes
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| Structure: | Cash flow CLO
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| Refinancing agent: | Natixis Securities Americas LLC
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| Manager: | Voya Alternative Asset Management LLC
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| Coupon: | 1.69%
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| Pricing date: | Oct. 5
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| Settlement date: | Oct. 15
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| Ratings: | S&P: AAA
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| Fitch: AAA
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| Distribution: | Rule 144A and Regulation S
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