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Voya Alternative Asset preps $809.55 million Voya CLO 2015-3 deal
By Cristal Cody
Tupelo, Miss., Aug. 28 – Voya Alternative Asset Management LLC plans to price $809.55 million of notes due Oct. 20, 2027 in the Voya CLO 2015-3, Ltd./Voya CLO 2015-3 LLC transaction, according to a market source.
The deal includes $468.4 million of class A-1a floating-rate notes (//AAA); $50 million of class A-1 loans (//AAA); $89.4 million of class A-2 floating-rate notes; $31.15 million of class B floating-rate notes; $56.6 million of class C floating-rate notes; $5.3 million of class D-1 floating-rate notes; $35.6 million of class D-2 floating-rate notes; $16.4 million of class E floating-rate notes and $56.7 million of subordinated notes.
Citigroup Global Markets Inc. is the placement agent.
Voya Alternative Asset Management will manage the CLO.
The CLO has 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 will be used to purchase a portfolio of about $800 million of mainly senior secured leveraged loans.
Voya Alternative Asset Management has priced two CLO deals year to date.
The affiliate of New York City-based Voya Investment Management LLC brought four CLO deals in 2014.
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