Chicago, Sept. 13 – Voya Alternative Asset Management LLC refinanced and extended for $698 million the collateralized loan obligation issued by Voya CLO 2020-2 Ltd./Voya CLO 2020-2 LLC, according to a pre-sale report.
The notes will now mature on July 19, 2034.
The refinanced CLO consists of $420 million of class A-1-R senior secured floating-rate notes at Libor plus 116 basis points, $21 million of class A-2-R senior secured floating-rate notes at Libor plus 140 bps, $91 million of class B-R senior secured floating-rate notes at Libor plus 170 bps, $42 million of class C-R senior secured deferrable floating-rate notes at Libor plus 200 bps, $42 million of class D-R senior secured deferrable floating-rate notes at Libor plus 310 bps, $28 million of class E-R senior secured deferrable floating-rate notes at Libor plus 640 bps and $54 million of subordinated notes.
Voya Alternative Asset Management LLC will manage the collateral through the end of the reinvestment period on July 19, 2026.
The notes can be called starting July 19, 2023.
Natixis Securities Americas LLC was the placement agent.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2020-2 Ltd./Voya CLO 2020-2 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $698 million
|
| Maturity: | July 19, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Natixis Securities Americas LLC
|
| Manager: | Voya Alternative Asset Management LLC
|
| Call feature: | July 19, 2023
|
| Settlement date: | Sept. 2
|
|
|
| Class A-1-R notes
|
| Amount: | $420 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 116 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2-R notes
|
| Amount: | $21 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 140 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-R notes
|
| Amount: | $91 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 170 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-R notes
|
| Amount: | $42 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 200 bps
|
| Rating: | S&P: A
|
|
|
| Class D-R notes
|
| Amount: | $42 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 310 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E-R notes
|
| Amount: | $28 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 640 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $54 million
|
| Securities: | Subordinated notes
|
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