Chicago, March 14 – Generate Advisors LLC refinanced for $403.8 million the collateralized loan obligation issued by Generate CLO 7 Ltd./Generate CLO 7 LLC, according to a presale report.
The notes will mature on April 22, 2037.
The CLO consists of $244 million of class A-1-R senior secured floating-rate notes at SOFR plus 162 basis points, $16 million of class A-2-R senior secured floating-rate notes at SOFR plus 200 bps, $44 million of class B-R senior secured floating-rate notes at SOFR plus 220 bps, $24 million of class C-R senior secured deferrable floating-rate notes at SOFR plus 265 bps, $18.15 million of class D-1-R senior secured deferrable floating-rate notes at SOFR plus 400 bps, $5.85 million of class D-2-R 7.82% senior secured deferrable fixed-rate notes, $15 million of class E-R senior secured deferrable floating-rate notes at SOFR plus 694 bps and $36.8 million of subordinated notes.
Generate Advisors LLC will manage the collateral through the end of the reinvestment period on April 22, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting April 22, 2026.
Barclays was the placement agent.
Generate Advisors LLC is a subsidiary of Kennedy Lewis Investment Management LLC.
| Issuer: | Generate CLO 7 Ltd./Generate CLO 7 LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $403.8 million
|
| Maturity: | April 22, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays
|
| Manager: | Generate Advisors LLC
|
| Call feature: | April 22, 2026
|
| Pricing date: | March 7
|
| Settlement date: | March 15
|
|
|
| Class A-1-R notes
|
| Amount: | $244 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 162 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2-R notes
|
| Amount: | $16 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 200 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-R notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 220 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-R notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | S&P: A
|
|
|
| Class D-1-R notes
|
| Amount: | $18.15 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 400 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class D-2-R notes
|
| Amount: | $5.85 million
|
| Securities: | Senior secured deferrable fixed-rate notes
|
| Coupon: | 7.82%
|
| Rating: | S&P: BBB-
|
|
|
| Class E-R notes
|
| Amount: | $15 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 694 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $36.8 million
|
| Securities: | Subordinated notes
|
|
|
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