Chicago, Jan. 3 – Black Diamond CLO 2022-1 Adviser LLC sold $372.01 million in a collateralized loan obligation being issued by Black Diamond CLO 2022-1 Ltd./Black Diamond CLO 2022-1 LLC, according to a presale report.
The notes will mature on Oct. 25, 2035.
The CLO consists of $2.01 million of class X senior secured floating-rate notes at SOFR plus 200 basis points, $135 million of class A-1a senior secured floating-rate notes at SOFR plus 250 bps, $95 million of class A-1b 6.32% senior secured fixed-rate notes, $51.25 million of class B senior secured floating-rate notes at SOFR plus 285 bps, $22.5 million of class C senior secured deferrable floating-rate notes at SOFR plus 450 bps, $3 million of class D-1a senior secured deferrable floating-rate notes at SOFR plus 596 bps, $5 million of class D-1b 9.35% senior secured deferrable fixed-rate notes, $8.75 million of class D-2 senior secured deferrable floating-rate notes at SOFR plus 708 bps, $7 million of class E senior secured deferrable floating-rate notes at SOFR plus 750 bps and $42.5 million of subordinated notes.
Black Diamond CLO 2022-1 Adviser LLC will manage the collateral through the end of the reinvestment period on Oct. 25, 2027.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Dec. 21, 2025.
Goldman Sachs & Co. LLC was the placement agent.
Black Diamond Capital Management LLC is an alternative asset management firm with locations in Greenwich, Conn., London and St. Thomas.
| Issuer: | Black Diamond CLO 2022-1 Ltd./Black Diamond CLO 2022-1 LLC
|
| Issue: | Floating-rate notes, fixed-rate and subordinated notes
|
| Amount: | $372.01 million
|
| Maturity: | Oct. 25, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Black Diamond CLO 2022-1 Adviser LLC
|
| Call feature: | Dec. 21, 2025
|
| Settlement date: | Dec. 21
|
|
|
| Class X notes
|
| Amount: | $2.01 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
|
|
| Class A-1a notes
|
| Amount: | $135 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-1b notes
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| Amount: | $95 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.32%
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
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| Amount: | $51.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 285 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
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| Amount: | $22.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 450 bps
|
| Rating: | S&P: A-
|
|
|
| Class D-1a notes
|
| Amount: | $3 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 596 bps
|
| Rating: | S&P: BBB+
|
|
|
| Class D-1b notes
|
| Amount: | $5 million
|
| Securities: | Senior secured deferrable fixed-rate notes
|
| Coupon: | 9.35%
|
| Rating: | S&P: BBB+
|
|
|
| Class D-2 notes
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| Amount: | $8.75 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 708 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
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| Amount: | $7 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 750 bps
|
| Rating: | S&P: BB+
|
|
|
| Subordinated notes
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| Amount: | $42.5 million
|
| Securities: | Subordinated notes
|
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