By Cristal Cody
Tupelo, Miss., Dec. 3 – Assurant CLO Management LLC repriced $15 million of notes due April 21, 2031 from the vintage 522 Funding CLO 2018-2(A) Ltd./522 Funding CLO 2018-2(A) LLC transaction, according to a notice of executed second supplemental indenture.
The CLO priced the class B-2 fixed-rate notes with a 2.615% coupon.
The notes were originally issued on April 18, 2018 with a 4.27% coupon.
Morgan Stanley & Co. LLC was the original placement agent.
The CLO is backed primarily by broadly syndicated first-lien senior secured loans.
Assurant CLO Management is a subsidiary of Assurant Investment Management, LLC.
| Issuer: | 522 Funding CLO 2018-2(A) Ltd./522 Funding CLO 2018-2(A) LLC
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| Amount: | $15 million refinancing
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| Maturity: | April 21, 2031
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| Securities: | Fixed-rate notes
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| Structure: | Cash flow CLO
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| Manager: | Assurant CLO Management LLC
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| Coupon: | 2.615%
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| Call feature: | One year
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| Settlement date: | Dec. 1
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| Distribution: | Rule 144A and Regulation S
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