Chicago, Aug. 23 – GC Advisors LLC priced $692.6 million of notes in a middle-market collateralized loan obligation being issued by Golub Capital Private Credit Fund CLO, according to a presale report and a press release.
The notes will mature on Oct. 26, 2035.
The CLO consists of $395.5 million of class A-1 senior secured floating-rate notes at SOFR plus 250 basis points, $38.5 million of class A-2 senior secured floating-rate notes at SOFR plus 300 bps and $258.6 million of subordinated notes.
GC Advisors LLC will manage the collateral through the end of the 4.1-year reinvestment period.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
Golub is a New York-based asset manager.
| Issuer: | Golub Capital Private Credit Fund CLO
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $692.6 million
|
| Maturity: | Oct. 26, 2035
|
| Structure: | Cash flow CLO
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| Manager: | GC Advisors LLC
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| Pricing date: | Aug. 10
|
|
|
| Class A-1 notes
|
| Amount: | $395.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
| Fitch: AAA
|
|
|
|
|
| Class A-2 notes
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| Amount: | $38.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | S&P: AAA
|
|
|
| Subordinated notes
|
| Amount: | $258.6 million
|
| Securities: | Subordinated notes
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