Chicago, March 28 – GoldenTree Loan Management II, LP sold $500.1 million in a collateralized loan obligation being issued by GoldenTree Loan Management US CLO 12, Ltd., according to multiple press releases.
The notes will mature on April 20, 2034.
The CLO consists of $4 million of class X senior secured floating-rate notes at SOFR plus 90 basis points, $307.5 million of class A senior secured floating-rate notes at SOFR plus 140 bps, $17.5 million of class A-J senior secured floating-rate notes at SOFR plus 170 bps, $55 million of class B senior secured floating-rate notes at SOFR plus 195 bps, $30 million of class C mezzanine deferrable floating-rate notes at SOFR plus 240 bps, $30 million of class D mezzanine deferrable floating-rate notes at SOFR plus 350 bps, $20 million of class E junior deferrable floating-rate notes at SOFR plus 725 bps, $10 million of class F junior deferrable floating-rate notes at SOFR plus 810 bps and $26.1 million of subordinated notes.
GoldenTree Loan Management II, LP will manage the collateral through the end of the five-year reinvestment period on five-year.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and BofA Securities, Inc. are the placement agents.
The CLO manager is part of New York City-based private investment firm GoldenTree Asset Management, LP.
| Issuer: | GoldenTree Loan Management US CLO 12, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $500.1 million
|
| Maturity: | April 20, 2034
|
| Structure: | Cash flow CLO
|
| Placement agents: | Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC and BofA Securities, Inc.
|
| Manager: | GoldenTree Loan Management II, LP
|
| Settlement date: | May 12
|
|
|
| Class X notes
|
| Amount: | $4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 90 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
|
| Amount: | $307.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 140 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-J notes
|
| Amount: | $17.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 170 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $55 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $30 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $30 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 350 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $20 million
|
| Securities: | Junior deferrable floating-rate notes
|
| Coupon: | SOFR plus 725 bps
|
| Rating: | Fitch: BB+-
|
|
|
| Class F notes
|
| Amount: | $10 million
|
| Securities: | Junior deferrable floating-rate notes
|
| Coupon: | SOFR plus 810 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $26.1 million
|
| Securities: | Subordinated notes
|
|
|
© 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.
