By Cristal Cody
Tupelo, Miss., June 8 – GC Investment Management LLC refinanced $382.5 million of notes due April 20, 2028 in two tranches from the vintage 2016 Golub Capital Partners CLO 30(M), Ltd./Golub Capital Partners CLO 30(M), LLC middle-market transaction, according to a market source and a notice of revised proposed supplemental indenture on Thursday.
The CLO priced $350 million of class A-R floating-rate notes at Libor plus 135 basis points and $32.5 million of class B-R deferrable floating-rate notes at Libor plus 325 bps.
GreensLedge Capital Markets LLC was the refinancing placement agent.
GC Investment will continue to manage the CLO.
The original CLO transaction was issued March 24, 2016.
Proceeds will be used to redeem the original notes.
The CLO is backed by middle-market senior secured term loans.
GC Investment is an affiliate of New York-based middle market lender Golub Capital.
In 2017, Golub Capital priced two CLO transactions.
| Issuer: | Golub Capital Partners CLO 30(M), Ltd./Golub Capital Partners CLO 30(M), LLC
|
| Amount: | $382.5 million refinancing
|
| Maturity: | April 20, 2028
|
| Securities: | Floating-rate notes
|
| Structure: | Middle-market CLO
|
| Refinancing agent: | GreensLedge Capital Markets LLC
|
| Manager: | GC Investment Management LLC
|
| Settlement date: | June 8
|
| Distribution: | Rule 144A, Regulation S
|
|
|
| Class A-R notes
|
| Amount: | $350 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 135 bps
|
| Rating: | S&P: A
|
|
|
| Class B-R notes
|
| Amount: | $32.5 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 325 bps
|
| Rating: | S&P: BBB-
|
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