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GC Investment Management prepares $354.29 million middle-market CLO
By Cristal Cody
Eureka Springs, Ark., April 22 – GC Investment Management LLC plans to price $354,288,000 of notes due May 5, 2028 in a new middle-market collateralized loan obligation deal, a source said.
The Golub Capital Partners CLO 31(M) Ltd./Golub Capital Partners CLO 31(M) LLC transaction includes $192.5 million of class A floating-rate notes (/AAA/); $28,875,000 of class B floating-rate notes; $34.5 million of class C floating-rate notes and $98,413,000 of subordinated notes.
Wells Fargo Securities LLC is the placement agent.
GC Investment Management will manage the CLO.
The CLO has a two-year non-call period and a four-year reinvestment period.
The transaction is backed primarily by middle-market senior secured loans.
GC Investment Management, an affiliate of New York-based middle market lender Golub Capital, priced two CLO deals in 2015.
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