Chicago, Sept. 12 – Seix Investment Advisors LLC sold $299.75 million in a collateralized loan obligation being issued by Mountain View CLO XVII Ltd./Mountain View CLO XVII LLC, according to a presale report.
The notes will mature on July 15, 2036.
The CLO consists of $2 million of class X senior secured floating-rate notes at SOFR plus 170 basis points, $180 million of class A senior secured floating-rate notes at SOFR plus 210 bps, $48 million of class B senior secured floating-rate notes at SOFR plus 300 bps, $18 million of class C senior secured deferrable floating-rate notes at SOFR plus 385 bps, $15.6 million of class D senior secured deferrable floating-rate notes at SOFR plus 550 bps, $8.4 million of class E senior secured deferrable floating-rate notes at SOFR plus 853 bps and $27.75 million of subordinated notes.
Seix Investment Advisors will manage the collateral through the end of the reinvestment period on July 15, 2028.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Sept. 15, 2025.
Morgan Stanley & Co. LLC was the placement agent.
The investment management company and affiliated manager of Virtus Investment Partners is based in Park Ridge, N.J.
| Issuer: | Mountain View CLO XVII Ltd./Mountain View CLO XVII LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $299.75 million
|
| Maturity: | July 15, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Morgan Stanley & Co. LLC
|
| Manager: | Seix Investment Advisors
|
| Call feature: | Sept. 15, 2025
|
| Pricing date: | Sept. 6
|
| Settlement date: | Sept. 15
|
|
|
| Class X notes
|
| Amount: | $2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 170 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A notes
|
| Amount: | $180 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $18 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 385 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $15.6 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 550 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $8.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 853 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $27.75 million
|
| Securities: | Subordinated notes
|
|
|
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