Chicago, Dec. 22 – Guggenheim Corporate Funding LLC sold $475 million in a collateralized loan obligation being issued by Guggenheim MM CLO 2023-6 LLC, according to a presale report.
The CLO will mature on Jan. 25, 2036.
The transaction consists of $183 million of class A senior secured floating-rate notes at SOFR plus 250 basis points, $92.5 million of class A-L senior secured floating-rate loans at SOFR plus 250 bps, $47.5 million of class B senior secured floating-rate notes at SOFR plus 335 bps, $38 million of class C senior secured deferrable floating-rate notes at SOFR plus 450 bps, $28.5 million of class D senior secured deferrable floating-rate notes at SOFR plus 675 bps, $28.5 million of class E senior secured deferrable floating-rate notes at SOFR plus 911 bps and $57 million of subordinated notes.
Guggenheim Corporate Funding LLC will manage the collateral through the end of the reinvestment period on Jan. 25, 2028.
Collateral consists of middle-market speculative-grade senior secured term loans.
The CLO can be called starting Jan. 25, 2026.
Scotia Capital (USA) Inc. and Capital One Securities Inc. was the placement agent.
Guggenheim is based in New York.
| Issuer: | Guggenheim MM CLO 2023-6 LLC
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | $475 million
|
| Maturity: | Jan. 25, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Scotia Capital (USA) Inc. and Capital One Securities Inc.
|
| Manager: | Guggenheim Corporate Funding LLC
|
| Call feature: | Jan. 25, 2026
|
| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 21
|
|
|
| Class A notes
|
| Amount: | $183 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-L loans
|
| Amount: | $92.5 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $47.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 335 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $38 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 450 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $28.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 675 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $28.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 911 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $57 million
|
| Securities: | Subordinated notes
|
|
|
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