Chicago, Feb. 7 – Guggenheim Corporate Funding, LLC sold $450.42 million in a collateralized loan obligation being issued by Guggenheim MM CLO 2021-4, Ltd./Guggenheim MM CLO 2021-4, LLC, according to a pre-sale report and a notice.
The notes will mature on Jan. 15, 2034.
The CLO consists of $164.78 million of class A floating-rate notes at Libor plus 160 basis points, $75 million of class A floating-rate loans at Libor plus 160 bps, $41.7 million of class B senior secured floating-rate notes at Libor plus 225 bps, $35.45 million of class C floating-rate notes at Libor plus 300 bps, $69.5 million of class D 4.15% fixed-rate notes, $14 million of class E 8.5% fixed-rate notes and $50 million of subordinated notes.
Guggenheim Corporate Funding, LLC will manage the collateral through the end of the reinvestment period on Jan. 15, 2026.
Collateral is in the form of first-lien senior secured middle-market loans.
The notes can be called starting Dec. 22, 2023.
Wells Fargo Securities, LLC and Capital One Securities, Inc. are the placement agents.
Guggenheim Corporate Funding is based in New York.
| Issuer: | Guggenheim MM CLO 2021-4, Ltd./Guggenheim MM CLO 2021-4, LLC
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and variable dividend notes
|
| Amount: | $450.42 million
|
| Maturity: | Jan. 15, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities, LLC and Capital One Securities, Inc.
|
| Manager: | Guggenheim Corporate Funding, LLC
|
| Call feature: | Dec. 22, 2023
|
| Settlement date: | Dec. 22
|
|
|
| Class A notes
|
| Amount: | $164.775 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 160 bps
|
| Rating: | Fitch: AAA
|
| DBRS: AAA
|
|
|
| Class A loans
|
| Amount: | $75 million
|
| Securities: | Floating-rate loans
|
| Coupon: | Libor plus 160 bps
|
| Rating: | Fitch: AAA
|
| DBRS: AAA
|
|
|
| Class B notes
|
| Amount: | $41.7 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 225 bps
|
| Rating: | Fitch: AA
|
| DBRS: NR
|
|
|
| Class C notes
|
| Amount: | $35.445 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 300 bps
|
| Rating: | Fitch: A
|
| DBRS: NR
|
|
|
| Class D notes
|
| Amount: | $69.5 million
|
| Securities: | Fixed-rate notes
|
| Coupon: | 4.15%
|
| Rating: | Fitch: NR
|
| DBRS: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Fixed-rate notes
|
| Coupon: | 8.5%
|
| Rating: | Fitch: NR
|
| DBRS: BB-
|
|
|
| Subordinated notes
|
| Amount: | $50 million
|
| Securities: | Subordinated notes
|
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