Chicago, June 7 – Monroe Capital CLO Manager LLC refinanced and extended for $430.27 million the collateralized loan obligation issued by Monroe Capital MML CLO X, LLC, according to the amended indenture and a press release.
The notes will mature on May 20, 2034.
The CLO now consists of $139.5 million of class A-1R senior secured floating-rate notes at SOFR plus 187 basis points, $94.5 million of class A-2R 4.65% senior secured fixed-rate notes, $34 million of class B-R senior secured floating-rate notes at SOFR plus 235 bps, $26 million of class C-R deferrable mezzanine floating-rate notes at SOFR plus 315 bps, $30 million of class D-R deferrable mezzanine floating-rate notes at SOFR plus 450 bps, $28 million of class E-R deferrable mezzanine floating-rate notes at SOFR plus 875 bps and $78.27 million of subordinated notes.
Monroe Capital CLO Manager LLC will manage the collateral through the end of the reinvestment period in May 2026.
Collateral for the notes consists of middle-market loans.
The notes can be called starting May 20, 2024.
Deutsche Bank Securities Inc. was the placement agent.
The middle-market lender and private credit asset management firm is based in Chicago.
| Issuer: | Monroe Capital MML CLO X, LLC
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $430.265 million
|
| Maturity: | May 20, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Deutsche Bank Securities Inc.
|
| Manager: | Monroe Capital CLO Manager LLC
|
| Call feature: | May 20, 2024
|
| Settlement date: | May 20
|
|
|
| Class A-1R notes
|
| Amount: | $139.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 187 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2R notes
|
| Amount: | $94.5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 4.65%
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
|
| Amount: | $34 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 235 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class C-R notes
|
| Amount: | $26 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | SOFR plus 315 bps
|
| Rating: | Moody's: A2
|
|
|
| Class D-R notes
|
| Amount: | $30 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | SOFR plus 450 bps
|
| Rating: | Moody's: Baa3
|
|
|
| Class E-R notes
|
| Amount: | $28 million
|
| Securities: | Deferrable mezzanine floating-rate notes
|
| Coupon: | SOFR plus 875 bps
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $78.265 million
|
| Securities: | Subordinated notes
|
|
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