Chicago, Oct. 30 – KLM sold $402.11 million in a collateralized loan obligation being issued by Katayma CLO I Ltd./ Katayma CLO I LLC, according to a presale report.
The notes will mature on Oct. 20, 2036.
The CLO consists of $248 million of class A-1 senior secured floating-rate notes at SOFR plus 200 basis points, $16 million of class A-2 senior secured floating-rate notes at SOFR plus 220 bps, $40 million of class B senior secured floating-rate notes at SOFR plus 265 bps, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 320 bps, $22 million of class D senior secured deferrable floating-rate notes at SOFR plus 525 bps, $14 million of class E senior secured deferrable floating-rate notes at SOFR plus 814 bps and $38.11 million of subordinated notes.
KLM will manage the collateral through the end of the reinvestment period on Oct. 20, 2028.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Oct. 20, 2025.
Wells Fargo Securities LLC was the placement agent.
KLM is a subsidiary of Kuvare, a Rosemont, Ill.-based insurance business.
| Issuer: | Katayma CLO I Ltd./ Katayma CLO I LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $402.11 million
|
| Maturity: | Oct. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities LLC
|
| Manager: | KLM
|
| Call feature: | Oct. 20, 2025
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 31
|
|
|
| Class A-1 notes
|
| Amount: | $248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $16 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 220 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $40 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 320 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $22 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 525 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 814 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $38.11 million
|
| Securities: | Subordinated notes
|
|
|
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