Chicago, Oct. 15 – GC Investment Management LLC sold $651.505 million in a collateralized loan obligation being issued by Golub Capital Partners CLO 54(M), LP, according to an announcement.
The notes will mature on Aug. 5, 2033.
The CLO consists of $354.25 million of class A floating-rate notes at Libor plus 153 basis points, $61.75 million of class B floating-rate notes at Libor plus 185 bps, $45.5 million of class C floating-rate notes at Libor plus 265 bps, $45.5 million of class D floating-rate notes at Libor plus 385 bps and $144.505 million of subordinated notes.
GC Investment Management LLC will manage the collateral through the end of the reinvestment period in 2025.
The middle-market collateralized loan obligation is mostly backed by first-lien senior secured loans.
GC Investment Management is an affiliate of New York-based middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 54(M), LP
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $651.505 million
|
| Maturity: | Aug. 5, 2033
|
| Structure: | Cash flow CLO
|
| Manager: | GC Investment Management LLC
|
| Announcement date: | Aug. 6
|
|
|
| Class A notes
|
| Amount: | $354.25 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 153 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $61.75 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 185 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $45.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 265 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $45.5 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 385 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Subordinated notes
|
| Amount: | $144.505 million
|
| Securities: | Subordinated notes
|
|
|
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