Chicago, Feb. 15 – Morgan Stanley Eaton Vance CLO Manager LLC sold $508.2 million in a collateralized loan obligation being issued by Morgan Stanley Eaton Vance CLO 2022-16, Ltd., according to multiple notices.
The notes will mature on April 15, 2035.
The CLO consists of $307.5 million of class A-1 senior secured floating-rate notes at SOFR plus 132 basis points, $17.5 million of class A-2 senior secured floating-rate notes at SOFR plus 160 bps, $55 million of class B senior secured floating-rate notes at SOFR plus 185 bps, $30 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 220 bps, $30 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 325 bps, $20 million of class E mezzanine secured deferrable floating-rate notes at SOFR plus 670 bps and $48.2 million of subordinated notes.
Morgan Stanley Eaton Vance CLO Manager LLC will manage the collateral through the end of the five-year reinvestment period.
Backing the notes is a portfolio of broadly syndicated senior secured corporate loans.
BofA Securities, Inc. was the placement agent.
The asset manager is based out of New York.
Issuer: | Morgan Stanley Eaton Vance CLO 2022-16, Ltd.
|
Issue: | Floating-rate notes and subordinated notes
|
Amount: | $508.2 million
|
Maturity: | April 15, 2035
|
Structure: | Cash flow CLO
|
Placement agent: | BofA Securities, Inc.
|
Manager: | Morgan Stanley Eaton Vance CLO Manager LLC
|
Settlement date: | March 30
|
|
Class A-1 notes
|
Amount: | $307.5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 132 bps
|
Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
Class A-2 notes
|
Amount: | $17.5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 160 bps
|
Rating: | Moody's: NR
|
| Fitch: AAA
|
|
Class B notes
|
Amount: | $55 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 185 bps
|
Rating: | Moody's: NR
|
| Fitch: AA
|
|
Class C notes
|
Amount: | $30 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | SOFR plus 220 bps
|
Rating: | Moody's: NR
|
| Fitch: A
|
|
Class D notes
|
Amount: | $30 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | SOFR plus 325 bps
|
Rating: | Moody's: NR
|
| Fitch: BBB-
|
|
Class E notes
|
Amount: | $20 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Coupon: | SOFR plus 670 bps
|
Rating: | Moody's: Ba3
|
| Fitch: NR
|
|
Subordinated notes
|
Amount: | $48.2 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.