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Voya Alternative Asset Management offers $569 million notes in Voya CLO 2015-2 offering
By Cristal Cody
Tupelo, Miss., June 23 – Voya Alternative Asset Management LLC plans to price $569 million of notes due 2027 in the Voya CLO 2015-2, Ltd./Voya CLO 2015-2 LLC deal, according to a market source.
The offering includes $3 million of class X floating-rate notes; $335.5 million of class A floating-rate notes; $71.5 million of class B floating-rate notes; $41.25 million of class C floating-rate notes; $33 million of class D floating-rate notes; $24.75 million of class E floating-rate notes and $60 million of subordinated notes.
Morgan Stanley & Co. LLC is the placement agent.
Voya Alternative Asset Management will manage the CLO.
The CLO will have a two-year non-call period and a five-year reinvestment period.
The deal is backed primarily by broadly syndicated senior secured corporate loans.
Proceeds from the offering will be used to purchase a portfolio of about $550 million of mostly senior secured leveraged loans.
The firm previously priced the $612.5 million Voya CLO 2015-1 Ltd./Voya CLO 2015-1 LLC deal on March 3.
Voya Alternative Asset Management, part of New York City-based Voya Investment Management LLC, brought four CLO deals in 2014.
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