By Cristal Cody
Eureka Springs, Ark., June 14 – Voya Alternative Asset Management LLC priced a $407.25 million collateralized loan obligation offering, according to a market source.
Voya CLO 2016-2, Ltd./Voya CLO 2016-2 LLC priced $259 million of class A-1 floating-rate notes at Libor plus 154 basis points, $45.9 million of class A-2A floating-rate notes at Libor plus 210 bps; $25.6 million of class B floating-rate notes at Libor plus 290 bps; $21.2 million of class C floating-rate notes at Libor plus 425 bps; $16.4 million of class D floating-rate notes at Libor plus 695 bps and $39.15 million of subordinated notes.
Citigroup Global Markets Inc. was the placement agent.
Voya Alternative Asset Management, an affiliate of New York City-based Voya Investment Management LLC, has priced two CLO deals year to date.
| Issuer: | Voya CLO 2016-2, Ltd./Voya CLO 2016-2 LLC
|
| Amount: | $407.25 million
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: Citigroup Global Markets Inc.
|
| Manager: | Voya Alternative Asset Management LLC
|
| Pricing date: | June 7
|
|
|
| Class A-1 notes
|
| Amount: | $259 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 154 bps
|
| Ratings: | Moody’s: Aaa (Expected)
|
| Fitch: AAA (Expected)
|
|
|
| Class A-2 notes
|
| Amount: | $45.9 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 210 bps
|
| Ratings: | Moody’s: Aa2 (Expected)
|
|
|
| Class B notes
|
| Amount: | $25.6 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 290 bps
|
| Ratings: | Moody’s: A2 (Expected)
|
|
|
| Class C notes
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| Amount: | $21.2 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 425 bps
|
| Ratings: | Moody’s: Baa3 (Expected)
|
|
|
| Class D notes
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| Amount: | $16.4 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 695 bps
|
| Ratings: | Moody’s: Ba3 (Expected)
|
|
|
| Equity
|
| Amount: | $39.15 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
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