Chicago, Oct. 26 – Voya Alternative Asset Management LLC refinanced for €409.55 million the collateralized loan obligation issued by Voya Euro CLO II DAC, according to a pre-sale report.
The notes will mature on July 15, 2032.
The CLO now consists of €2.25 million of class X senior secured floating-rate notes at Euribor plus 54 basis points, €248 million of class A senior secured floating-rate notes at Euribor plus 114 bps, €28 million of class B-1 senior secured floating-rate notes at Euribor plus 190 bps, €10 million of class B-2 senior secured floating-rate notes at Euribor plus 255 bps, €27 million of class C senior secured deferrable floating-rate notes at Euribor plus 275 bps, €27 million of class D senior secured deferrable floating-rate notes at Euribor plus 390 bps, €22 million of class E senior secured deferrable floating-rate notes at Euribor plus 590 bps, €11 million of class F senior secured deferrable floating-rate notes at Euribor plus 839 bps and €33.7 million of subordinated notes.
The deal originally had €2.25 million of class X senior secured floating-rate notes at Euribor plus 55 bps, €248 million of class A senior secured floating-rate notes at Euribor plus 114 bps, €28,275,000 of class B-1 senior secured floating-rate notes at Euribor plus 185 bps and €10 million of 2.7% class B-2 senior secured fixed-rate notes.
The CLO also originally priced €26.3 million of class C senior secured deferrable floating-rate notes at Euribor plus 280 bps, €22.85 million of class D senior secured deferrable floating-rate notes at Euribor plus 400 bps, €24 million of class E senior secured deferrable floating-rate notes at Euribor plus 594 bps and €9.15 million of class F senior secured deferrable floating-rate notes at Euribor plus 859 bps.
The deal included €33,724,000 of class M-1 subordinated notes and €626,000 of class M-2 subordinated notes.
Voya Alternative Asset Management LLC will manage the collateral through the end of the 4.5-year reinvestment period.
Collateral for the notes must mostly be senior secured loans of senior secured bonds.
Citigroup Global Markets Ltd. was the placement agent.
Voya Alternative Asset Management is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya Euro CLO II DAC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | €409.55 million
|
| Maturity: | July 15, 2032
|
| Structure: | Cash flow CLO
|
| Placement agent: | Citigroup Global Markets Ltd.
|
| Manager: | Voya Alternative Asset Management LLC
|
| Settlement date: | July 15
|
|
|
| Class X notes
|
| Amount: | €2.25 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 54 bps
|
|
|
| Class A notes
|
| Amount: | €248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 114 bps
|
| Rating: | Moody’s: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | €28 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 190 bps
|
| Rating: | Moody’s: Aa2
|
|
|
| Class B-2 notes
|
| Amount: | €10 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Euribor plus 255 bps
|
| Rating: | Moody’s: Aa2
|
|
|
| Class C notes
|
| Amount: | €27 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 275 bps
|
| Rating: | Moody’s: A2
|
|
|
| Class D notes
|
| Amount: | €27 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 390 bps
|
| Rating: | Moody’s: Baa3
|
|
|
| Class E notes
|
| Amount: | €22 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 590 bps
|
| Rating: | Moody’s: Ba3
|
|
|
| Class F notes
|
| Amount: | €11 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Euribor plus 839 bps
|
| Rating: | Moody’s: B3
|
|
|
| Subordinated notes
|
| Amount: | €33.7 million
|
| Securities: | Subordinated notes
|
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