Chicago, March 10 – GoldenTree Loan Management II, LP sold €410.5 million in a collateralized loan obligation issued by GoldenTree Loan Management EUR CLO 6 DAC, according to an offer document.
The notes will mature on Jan. 20, 2036.
The CLO consists of €2 million of class X senior secured floating-rate notes at Euribor plus 68 basis points, €240 million of class A senior secured floating-rate notes at Euribor plus 185 bps, €30 million of class B-1 senior secured floating-rate notes at Euribor plus 260 bps, €8 million of class B-2 6.2% senior secured fixed-rate notes, €23.9 million of class C senior secured deferrable floating-rate notes at Euribor plus 365 bps, €29.2 million of class D senior secured deferrable floating-rate notes at Euribor plus 425 bps, €18.1 million of class E senior secured deferrable floating-rate notes at Euribor plus 650 bps, €16.8 million of class F senior secured deferrable floating-rate notes at Euribor plus 875 bps and €42.5 million of subordinated notes.
GoldenTree Loan Management II, LP will manage the collateral through the end of the reinvestment period on July 20, 2027.
Collateral for the notes consists of senior loans, senior secured bonds, mezzanine obligations and high-yield bonds.
The notes can be called starting July 20, 2024.
BofA Securities and Wells Fargo Securities are the placement agents.
The private investment firm is based in New York City.
| Issuer: | GoldenTree Loan Management EUR CLO 6 DAC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | €410.5 million
|
| Maturity: | Jan. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agents: | BofA Securities and Wells Fargo Securities
|
| Manager: | GoldenTree Loan Management II, LP
|
| Call feature: | July 20, 2024
|
| Settlement date: | Feb. 23
|
|
|
| Class X notes
|
| Amount: | €2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 68 bps
|
| Ratings: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class A notes
|
| Amount: | €240 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 185 bps
|
| Ratings: | S&P: AAA
|
| Fitch: AAA
|
|
|
| Class B-1 notes
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| Amount: | €30 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 260 bps
|
| Ratings: | S&P: AA
|
| Fitch: AA
|
|
|
| Class B-2 notes
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| Amount: | €8 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.2%
|
| Ratings: | S&P: AA
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | €23.9 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 365 bps
|
| Ratings: | S&P: A
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | €29.2 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 425 bps
|
| Ratings: | S&P: BBB
|
| Fitch: BBB
|
|
|
| Class E notes
|
| Amount: | €18.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 650 bps
|
| Ratings: | S&P: BB-
|
| Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | €16.8 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 875 bps
|
| Ratings: | S&P: B-
|
| Fitch: B-
|
|
|
| Subordinated notes
|
| Amount: | €42.5 million
|
| Securities: | Subordinated notes
|
|
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