Chicago, May 20 – Voya Alternative Asset Management LLC refinanced $412.5 million from three classes of notes in a partial refinancing of the CLO issued by Voya CLO 2017-1, Ltd./Voya CLO 2017-1 LLC, according to a notice.
The notes retain their April 17, 2030 maturity date.
The refinancing notes are the $320 million of class A-1-R floating-rate notes at Libor plus 95 basis points (down from 125 bps), $60 million of class A-2-R floating-rate notes at Libor plus 150 bps (down from 160 bps), and $32.5 million of class B-R deferrable floating-rate notes at Libor plus 190 bps (down from 230 bps).
From the original transaction, $27.5 million of class C deferrable floating-rate notes at Libor plus 333 bps; $20 million of class D deferrable floating-rate notes at Libor plus 610 bps and $49.9 million of subordinated notes will remain outstanding.
Voya Alternative Asset Management will continue to select and mange the collateral for the rest of the reinvestment period.
The non-call period has been extended.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuers: | Voya CLO 2017-1, Ltd./Voya CLO 2017-1 LLC
|
| Issue: | Floating-rate notes
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| Amount: | $412.5 million
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| Maturity: | April 17, 2030
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| Structure: | Cash flow CLO
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| Manager: | Voya Alternative Asset Management
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| Announcement date: | May 19
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|
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| Class A-1-R notes
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| Amount: | $320 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 95 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2-R notes
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| Amount: | $60 million
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| Securities: | Floating-rate notes
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| Coupon: | Libor plus 150 bps
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| Rating: | Moody's: Aa1
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| Class B-R notes
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| Amount: | $32.5 million
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| Securities: | Deferrable floating-rate notes
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| Coupon: | Libor plus 190 bps
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| Rating: | Moody's: A2
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