Chicago, July 18 – GoldenTree Loan Management II, LP sold $487.1 million in a collateralized loan obligation being issued by GoldenTree Loan Management US CLO 14, Ltd., according to a presale report and a press release.
The notes will mature on July 20, 2035.
The CLO consists of $3.7 million of class X senior secured floating-rate notes at SOFR plus 120 basis points, $314.9 million of class A senior secured floating-rate notes at SOFR plus 170 bps, $35.3 million of class B-1 senior secured floating-rate notes at SOFR plus 250 bps, $16.8 million of class B-2 5.65% senior secured fixed-rate notes, $29 million of class C mezzanine deferrable floating-rate notes at SOFR plus 320 bps, $4 million of class C-J mezzanine deferrable floating-rate notes at SOFR plus 400 bps, $33 million of class D mezzanine deferrable floating-rate notes at SOFR plus 445 bps, $18.5 million of class E junior deferrable floating-rate notes at SOFR plus 773 bps, $2.5 million of class F junior deferrable floating-rate notes at SOFR plus 850 bps and $29.4 million of subordinated notes.
GoldenTree Loan Management II, LP will manage the collateral through the end of the reinvestment period in five years.
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 14, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $487.1 million
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| Maturity: | July 20, 2035
|
| 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: | July 27
|
|
|
| Class X notes
|
| Amount: | $3.7 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 120 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
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| Amount: | $314.9 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 170 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
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| Amount: | $35.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | Fitch: AA
|
|
|
| Class B-2 notes
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| Amount: | $16.8 million
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| Securities: | Senior secured fixed-rate notes
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| Coupon: | 5.65%
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
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| Amount: | $29 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 320 bps
|
| Rating: | Fitch: A+
|
|
|
| Class C-J notes
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| Amount: | $4 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 400 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
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| Amount: | $33 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 445 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
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| Amount: | $18.5 million
|
| Securities: | Junior deferrable floating-rate notes
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| Coupon: | SOFR plus 773 bps
|
| Rating: | Fitch: BB-
|
|
|
| Class F notes
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| Amount: | $2.5 million
|
| Securities: | Junior deferrable floating-rate notes
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| Coupon: | SOFR plus 850 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
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| Amount: | $29.4 million
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| Securities: | Subordinated notes
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|
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