Chicago, June 29 – HalseyPoint Asset Management, LLC sold $431.9 million in a collateralized loan obligation being issued by HalseyPoint CLO 7, Ltd., according to a presale report and a press release.
The notes will mature on July 20, 2036.
The CLO consists of $266.3 million of class A senior secured floating-rate notes at SOFR plus 225 basis points, $56.6 million of class B senior secured floating-rate notes at SOFR plus 295 bps, $24.5 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 375 bps, $25.6 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 584 bps, $13.6 million of class E junior secured deferrable floating-rate notes at SOFR plus 878 bps, $300,000 of class F junior secured deferrable floating-rate notes at SOFR plus 912 bps and $45 million of subordinated notes.
HalseyPoint Asset Management, LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of first-lien senior secured loans.
HalseyPoint is a Los Angeles-based asset management firm.
| Issuer: | HalseyPoint CLO 7, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $431.9 million
|
| Maturity: | July 20, 2036
|
| Structure: | Cash flow CLO
|
| Manager: | HalseyPoint Asset Management, LLC
|
| Settlement date: | June 29
|
|
|
| Class A notes
|
| Amount: | $266.3 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 225 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $56.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 295 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $24.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 375 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $25.6 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 584 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $13.6 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 878 bps
|
| Rating: | Fitch: BB-
|
|
|
| Class F notes
|
| Amount: | $300,000
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 912 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $45 million
|
| Securities: | Subordinated notes
|
|
|
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