Chicago, June 28 – Morgan Stanley Eaton Vance CLO Manager LLC will issue $398.3 million in a collateralized loan obligation from Morgan Stanley Eaton Vance CLO 2022-17A, Ltd., according to a presale report and a press release.
The notes will mature on July 20, 2035.
The CLO consists of $246 million of class A-1 senior secured floating-rate notes, $10 million of class A-2 senior secured floating-rate notes, $48 million of class B senior secured floating-rate notes, $22.4 million of class C mezzanine secured deferrable floating-rate notes, $25.6 million of class D mezzanine secured deferrable floating-rate notes, $10.2 million of class E junior secured deferrable floating-rate notes, $1 million of class F junior secured deferrable floating-rate notes and $35.1 million of subordinated notes.
Morgan Stanley Eaton Vance CLO Manager LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Barclays was the placement agent.
Morgan Stanley Investment Management is a New York-based capital manager and subsidiary of financial products and services company Morgan Stanley.
Issuer: | Morgan Stanley Eaton Vance CLO 2022-17A, Ltd.
|
Issue: | Floating-rate notes and subordinated notes
|
Amount: | $398.3 million
|
Maturity: | July 20, 2035
|
Structure: | Cash flow CLO
|
Placement agent: | Barclays
|
Manager: | Morgan Stanley Eaton Vance CLO Manager LLC
|
Settlement date: | Aug. 4
|
|
Class A-1 notes
|
Amount: | $246 million
|
Securities: | Senior secured floating-rate notes
|
Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
Class A-2 notes
|
Amount: | $10 million
|
Securities: | Senior secured floating-rate notes
|
Rating: | Fitch: AAA
|
|
Class B notes
|
Amount: | $48 million
|
Securities: | Senior secured floating-rate notes
|
Rating: | Fitch: AA
|
|
Class C notes
|
Amount: | $22.4 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Rating: | Fitch: A
|
|
Class D notes
|
Amount: | $25.6 million
|
Securities: | Mezzanine secured deferrable floating-rate notes
|
Rating: | Fitch: BBB-
|
|
Class E notes
|
Amount: | $10.2 million
|
Securities: | Junior secured deferrable floating-rate notes
|
Rating: | Fitch: BB
|
|
Class F notes
|
Amount: | $1 million
|
Securities: | Junior secured deferrable floating-rate notes
|
Rating: | Moody's: B3
|
|
Subordinated notes
|
Amount: | $35.1 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.