Chicago, March 14 – KLM priced $403.93 million in a collateralized loan obligation being issued by Katayma CLO II Ltd./Katayma CLO II LLC, according to a presale report.
The notes will mature on April 20, 2037.
The CLO consists of $256 million of class A-1 senior secured floating-rate notes at SOFR plus 165 basis points, $4 million of class A-2 senior secured floating-rate notes at SOFR plus 185 bps, $44 million of class B senior secured floating-rate notes at SOFR plus 215 bps, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 285 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 450 bps, $14 million of class E senior secured deferrable floating-rate notes at SOFR plus 733 bps and $37.925 million of subordinated notes.
KLM will manage the collateral through the end of the reinvestment period on April 20, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting March 28, 2026.
Wells Fargo Securities LLC was the placement agent.
KLM is a subsidiary of Kuvare, a Rosemont, Ill.-based insurance business.
| Issuer: | Katayma CLO II Ltd./Katayma CLO II LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $403.925 million
|
| Maturity: | April 20, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Wells Fargo Securities LLC
|
| Manager: | KLM
|
| Call feature: | March 28, 2026
|
| Pricing date: | March 11
|
| Settlement date: | March 28
|
|
|
| Class A-1 notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 165 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 185 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 215 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 285 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 450 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 733 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $37.925 million
|
| Securities: | Subordinated notes
|
|
|
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