Chicago, Jan. 30 – Guggenheim Corporate Funding LLC with Guggenheim Partners Investment Management LLC as sub-adviser sold $400 million in a collateralized loan obligation being issued by Guggenheim MM CLO 2024-7 LLC, according to a presale report.
The notes will mature on Jan. 28, 2036.
The CLO consists of $232 million of class A senior secured floating-rate notes at SOFR plus 240 basis points, $40 million of class B senior secured floating-rate notes at SOFR plus 315 bps, $32 million of class C senior secured deferrable floating-rate notes at SOFR plus 410 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 615 bps, $24 million of class E senior secured deferrable floating-rate notes at SOFR plus 857 bps and $48 million of subordinated notes.
Guggenheim Corporate Funding LLC with Guggenheim Partners Investment Management LLC as sub-adviser will manage the collateral through the end of the reinvestment period on Jan. 28, 2028.
Collateral for the notes consists of middle-market speculative-grade senior secured term loans.
The notes can be called starting Jan. 28, 2026.
Scotia Capital (USA) Inc. was the placement agent.
Guggenheim is based in New York.
| Issuer: | Guggenheim MM CLO 2024-7 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $400 million
|
| Maturity: | Jan. 28, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Scotia Capital (USA) Inc.
|
| Manager: | Guggenheim Corporate Funding LLC with Guggenheim Partners Investment Management LLC as sub-adviser
|
| Call feature: | Jan. 28, 2026
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 30
|
|
|
| Class A notes
|
| Amount: | $232 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $40 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 315 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $32 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 410 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 615 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 857 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $48 million
|
| Securities: | Subordinated notes
|
|
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