Chicago, Feb. 2 – Guggenheim Corporate Funding, LLC sold $424 million in a middle-market collateralized loan obligation issued by Guggenheim MM CLO 2021-3, Ltd./Guggenheim MM CLO 2021-3, LLC, according to a pre-sale report and a notice.
The notes will mature on Jan. 21, 2034.
The CLO consists of $220 million of class A floating-rate notes at Libor plus 155 basis points, $40 million of class B floating-rate notes at Libor plus 195 bps, $40 million of class C floating-rate notes at Libor plus 375 bps, $68 million of class D 4.15% fixed-rate notes, $16 million of class E 7.9% fixed-rate notes and $40 million of variable dividend notes.
Guggenheim Corporate Funding, LLC will manage the collateral through the end of the reinvestment period on Jan. 21, 2026.
Collateral for the notes comes from a portfolio of primarily middle-market and broadly syndicated senior secured term loans.
The notes can be called starting Jan. 21, 2024.
Natixis Securities Americas LLC was the placement agent.
Guggenheim Corporate Funding is based in New York.
| Issuer: | Guggenheim MM CLO 2021-3, Ltd./Guggenheim MM CLO 2021-3, LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and variable dividend notes
|
| Amount: | $424 million
|
| Maturity: | Jan. 21, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Natixis Securities Americas LLC
|
| Manager: | Guggenheim Corporate Funding, LLC
|
| Call feature: | Jan. 21, 2024
|
| Settlement date: | Dec. 2
|
|
|
| Class A notes
|
| Amount: | $220 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 155 bps
|
| Rating: | Fitch: AAA
|
| KBRA: AAA
|
|
|
| Class B notes
|
| Amount: | $40 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 195 bps
|
| Rating: | KBRA: AA
|
|
|
| Class C notes
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| Amount: | $40 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 375 bps
|
| Rating: | KBRA: A
|
|
|
| Class D notes
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| Amount: | $68 million
|
| Securities: | Fixed-rate notes
|
| Coupon: | 4.15%
|
| Rating: | KBRA: BBB-
|
|
|
| Class E notes
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| Amount: | $16 million
|
| Securities: | Fixed-rate notes
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| Coupon: | 7.9%
|
| Rating: | KBRA: BB-
|
|
|
| Variable dividend notes
|
| Amount: | $40 million
|
| Securities: | Variable dividend notes
|
|
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