Chicago, Dec. 30 – GC Advisors LLC sold $386.6 million in a collateralized loan obligation being issued by Golub Capital BDC 3 CLO 2 LLC, according to a presale report.
The notes will mature on Jan. 18, 2034.
The CLO consists of $85 million of class A floating-rate loans at SOFR plus 260 basis points, $140 million of class A floating-rate notes at SOFR plus 260 bps, $38.8 million of class B floating-rate notes at SOFR plus 309 bps and $122.8 million of subordinated notes.
GC Advisors LLC will manage the collateral through the end of the reinvestment period on Jan. 18, 2026.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting Dec. 14, 2024.
GreensLedge Capital Markets LLC was the placement agent.
Golub is a New York-based company.
| Issuer: | Golub Capital BDC 3 CLO 2 LLC
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | $386.6 million
|
| Maturity: | Jan. 18, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | GreensLedge Capital Markets LLC
|
| Manager: | GC Advisors LLC
|
| Call feature: | Dec. 14, 2024
|
| Settlement date: | Dec. 14
|
|
|
| Class A loans
|
| Amount: | $85 million
|
| Securities: | Floating-rate loans
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A notes
|
| Amount: | $140 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $38.8 million
|
| Securities: | Floating-rate notes
|
| Coupon: | SOFR plus 309 bps
|
| Rating: | S&P: AA
|
|
|
| Subordinated notes
|
| Amount: | $122.8 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.
