Chicago, Oct. 7 – Voya Alternative Asset Management LLC refinanced four classes of notes from the Voya CLO 2016-4, Ltd./Voya CLO 2016-4 LLC transaction, according to an executed indenture and a source.
Voya Alternative Asset Management LLC sold $534 million in a collateralized loan obligation being issued by Voya CLO 2016-4, Ltd./Voya CLO 2016-4, LLC, according to a pre-sale report.
The $534 million of refinanced notes will still mature on July 20, 2029.
The refinancing notes in the CLO consist of $401 million of class A-RR senior secured floating-rate notes at Libor plus 90 basis points, $52 million of class B-1-R senior secured floating-rate notes at Libor plus 155 bps, $32 million of class B-2-R senior secured floating-rate notes at Libor plus 155 bps and $49 million of class C-R senior secured deferrable floating-rate notes at Libor plus 215 bps.
Originally, the four classes of refinancing notes were issued as $448 million of class A floating-rate notes at Libor plus 146 bps; $52 million of class B-1 floating-rate notes at Libor plus 185 bps; $32 million of 3.74% class B-2 fixed-rate notes and $49 million of class C floating-rate notes at Libor plus 250 bps.
Another three classes of secured notes and one class of subordinated notes will remain outstanding.
Collateral for the notes comes from a portfolio of broadly syndicated senior secured corporate loans.
The notes can be called starting Dec. 16, 2021.
RBC Capital Markets, LLC was the placement agent.
The manager is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2016-4, Ltd./Voya CLO 2016-4, LLC
|
| Issue: | Floating-rate notes
|
| Amount: | $533,993,764
|
| Maturity: | July 20, 2029
|
| Structure: | Cash flow CLO
|
| Placement agent: | RBC Capital Markets, LLC
|
| Manager: | Voya Alternative Asset Management LLC
|
| Call feature: | Dec. 16, 2021
|
| Settlement date: | June 16
|
|
|
| Class A-RR notes
|
| Amount: | $400,993,764
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 90 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1-R notes
|
| Amount: | $52 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 155 bps
|
| Rating: | Moody's: Aa1
|
|
|
| Class B-2-R notes
|
| Amount: | $32 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 155 bps
|
| Rating: | Moody's: Aa1
|
|
|
| Class C-R notes
|
| Amount: | $49 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 215 bps
|
| Rating: | Moody's: A2
|
|
|
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