Chicago, June 9 – GC Investment Management LLC conducted a second refinancing for $674.4 million the collateralized loan obligation issued by Golub Capital Partners CLO 30(M)-R, according to a press release.
The notes were originally issued in March 2016 and first refinanced in June 2018.
The notes will mature on April 20, 2034.
The CLO consists of $336 million of class A-R2 senior secured floating-rate notes at SOFR plus 162 basis points, $50 million of class A-R2 loans at SOFR plus 162 bps, $30.5 million of class B-1-R2 senior secured floating-rate notes at SOFR plus 200 bps, $31.5 million of class B-2-R2 3.61% senior secured fixed-rate notes, $53.7 million of class C-R2 senior secured deferrable floating-rate notes at SOFR plus 280 bps, $48.8 million of class D-R2 senior secured deferrable floating-rate notes at SOFR plus 385 bps and $123.9 million of subordinated notes.
GC Investment Management LLC will manage the collateral through the end of the 4.1-year reinvestment period.
Collateral for the notes consists of first-lien senior secured middle-market loans.
GC Investment Management is an affiliate of New York-based middle market lender Golub Capital.
| Issuer: | Golub Capital Partners CLO 30(M)-R
|
| Issue: | Floating-rate notes, floating-rate-loans, fixed-rate notes and subordinated notes
|
| Amount: | $674.4 million
|
| Maturity: | April 20, 2034
|
| Structure: | Cash flow CLO
|
| Manager: | GC Investment Management LLC
|
| Settlement date: | March 9
|
|
|
| Class A-R2 notes
|
| Amount: | $336 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 162 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class A-R2 loans
|
| Amount: | $50 million
|
| Securities: | Loans
|
| Coupon: | SOFR plus 162 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B-1-R2 notes
|
| Amount: | $30.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Rating: | Fitch: AA
|
|
|
| Class B-2-R2 notes
|
| Amount: | $31.5 million
|
| Securities: | Senior secured fixed-rate notes
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| Coupon: | 3.61%
|
| Rating: | Fitch: AA
|
|
|
| Class C-R2 notes
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| Amount: | $53.7 million
|
| Securities: | Senior secured deferrable floating-rate notes
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| Coupon: | SOFR plus 280 bps
|
| Rating: | Fitch: A
|
|
|
| Class D-R2 notes
|
| Amount: | $48.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 385 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Subordinated notes
|
| Amount: | $123.9 million
|
| Securities: | Subordinated notes
|
|
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