Chicago, Oct. 17 – Voya Alternative Asset Management LLC sold $399.5 million in a collateralized loan obligation being issued by Voya CLO 2022-3, Ltd., according to a presale report.
The notes will mature on Oct. 20, 2034.
The CLO consists of $256 million of class A-1 floating-rate notes at SOFR plus 200 basis points, $8 million of class A-2 floating-rate notes at SOFR plus 245 bps, $40 million of class B floating-rate notes at SOFR plus 285 bps, $24 million of class C floating-rate notes at SOFR plus 385 bps, $17.25 million of class D-1 floating-rate notes at SOFR plus 500 bps, $6.75 million of class D-2 8% fixed-rate notes, $13 million of class E floating-rate notes at SOFR plus 860 bps and $34.5 million of subordinated notes.
Voya Alternative Asset Management LLC will manage the collateral through the end of the three-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
BofA Securities, Inc. is the arranger.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2022-3, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $399.5 million
|
| Maturity: | Oct. 20, 2034
|
| Structure: | Cash flow CLO
|
| Arranger: | BofA Securities, Inc.
|
| Manager: | Voya Alternative Asset Management LLC
|
| Settlement date: | Oct. 14
|
|
|
| Class A-1 notes
|
| Amount: | $256 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Rating: | Moody’s: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $8 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 245 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $40 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 285 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 385 bps
|
| Rating: | Fitch: A
|
|
|
| Class D-1 notes
|
| Amount: | $17.25 million
|
| Securities: | Floating-rate notes
|
| Coupon: S | OFR plus 500 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class D-2 notes
|
| Amount: | $6.75 million
|
| Securities: | Fixed-rate notes
|
| Coupon: | 8%
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $13 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 860 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $34.5 million
|
| Securities: | Subordinated notes
|
|
|
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