Chicago, Feb. 27 – GC Investment Management LLC sold $991.83 million in a collateralized loan obligation being issued by Golub Capital Partners CLO 65(M), according to a presale period.
The notes will mature on April 25, 2035.
The CLO consists of $580 million of class A-1 senior secured floating-rate notes at SOFR plus 240 basis points, $40 million of class A-2 senior secured floating-rate notes at SOFR plus 290 bps, $70 million of class B senior secured floating-rate notes at SOFR plus 370 bps, $80 million of class C senior secured deferrable floating-rate notes at SOFR plus 430 bps, $50 million of class D senior secured deferrable floating-rate notes at SOFR plus 625 bps and $171.83 million of subordinated notes.
GC Investment Management LLC will manage the collateral through the end of the reinvestment period on April 25, 2027.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting March 24, 2025.
Wells Fargo Securities LLC was the placement agent.
The U.S. Virgin Islands-based manager is an affiliate of Golub Capital LLC.
| Issuer: | Golub Capital Partners CLO 65(M)
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $991.83 million
|
| Maturity: | April 25, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities LLC
|
| Manager: | GC Investment Management LLC
|
| Call feature: | March 24, 2025
|
| Settlement date: | March 24
|
|
|
| Class A-1 notes
|
| Amount: | $580 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $40 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 290 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $70 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 370 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $80 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 430 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $50 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 625 bps
|
| Rating: | S&P: BBB-
|
|
|
| Subordinated notes
|
| Amount: | $171.83 million
|
| Securities: | Subordinated notes
|
|
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