By Cristal Cody
Tupelo, Miss., April 30 – Guggenheim Partners Investment Management LLC sold $303.83 million of notes due April 15, 2031 in a new broadly syndicated collateralized loan obligation transaction, according to market sources.
Guggenheim CLO 2020-1 Ltd./Guggenheim CLO 2020-1 LLC priced $180.18 million of class A floating-rate notes at Libor plus 180 basis points; $32.18 million of class B floating-rate notes at Libor plus 240 bps; $20 million of class C deferrable floating-rate notes at Libor plus 330 bps; $16.47 million of class D deferrable floating-rate notes at Libor plus 530 bps and $55 million of subordinated notes.
Goldman Sachs & Co. LLC was the placement agent.
The CLO has a one-year non-call period and a three-year reinvestment period.
The deal is collateralized primarily by broadly syndicated senior secured loans.
Guggenheim Partners Investment Management is an asset management firm based in New York and Chicago.
| Issuer: | Guggenheim CLO 2020-1 Ltd./Guggenheim CLO 2020-1 LLC
|
| Amount: | $303.83 million
|
| Maturity: | April 15, 2031
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Guggenheim Partners Investment Management LLC
|
| Call feature: | One year
|
| Pricing date: | April 13
|
| Settlement date: | May 4
|
|
|
| Class A notes
|
| Amount: | $180.18 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 180 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $32.18 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 240 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $20 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 330 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $16.47 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 530 bps
|
| Rating: | S&P: BBB-
|
|
|
| Equity
|
| Amount: | $55 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
