Chicago, Dec. 29 – Generate Advisors LLC sold $417.7 million of notes in a refinanced collateralized loan obligation issued by Generate CLO 3 Ltd./Generate CLO 3 LLC, according to a presale report.
The notes will mature on Oct. 20, 2036.
The CLO consists of $256 million of class A-2R senior secured floating-rate notes at SOFR plus 183 basis points, $48 million of class B-2R senior secured floating-rate notes at SOFR plus 260 bps, $24 million of class C-2R senior secured deferrable floating-rate notes at SOFR plus 310 bps, $24 million of class D-2R senior secured deferrable floating-rate notes at SOFR plus 490 bps, $12 million of class E-2R senior secured deferrable floating-rate notes at SOFR plus 783 bps and $53.7 million of subordinated notes.
Generate Advisors LLC will manage the collateral through the end of the reinvestment period on Jan. 20, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Dec. 29, 2025.
Citigroup Global Markets Inc. was the placement agent.
Generate Advisors LLC is controlled by Kennedy Lewis Investment Management LLC.
| Issuer: | Generate CLO 3 Ltd./Generate CLO 3 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $417.7 million
|
| Maturity: | Oct. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Inc.
|
| Manager: | Generate Advisors LLC
|
| Call feature: | Dec. 29, 2025
|
| Pricing date: | Dec. 22
|
| Settlement date: | Dec. 29
|
|
|
| Class A-2R notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 183 bps
|
|
|
| Class B-2R notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-2R notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 310 bps
|
| Rating: | S&P: A
|
|
|
| Class D-2R notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 490 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E-2R notes
|
| Amount: | $12 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 783 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $53.7 million
|
| Securities: | Subordinated notes
|
|
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