Chicago, April 25 – GoldenTree Loan Management II LP refinanced for $695.39 million the collateralized loan obligation issued by GoldenTree Loan Management US CLO 9 Ltd./GoldenTree Loan Management US CLO 9 LLC, according to a presale report.
The notes will mature on April 20, 2037.
The CLO consists of $3.5 million of class X-R senior secured floating-rate notes at SOFR plus 90 basis points, $150 million of class A-RL senior secured floating-rate loans at SOFR plus 150 bps, $0 million of class A-RN senior secured floating-rate notes at SOFR plus 150 bps, $298 million of class A-R senior secured floating-rate notes at SOFR plus 150 bps, $7 million of class A-J senior secured floating-rate notes at SOFR plus 165 bps, $77 million of class B-R senior secured floating-rate notes at SOFR plus 195 bps, $42 million of class C-R senior secured deferrable floating-rate notes at SOFR plus 240 bps, $38.5 million of class D-R senior secured deferrable floating-rate notes at SOFR plus 335 bps, $10.5 million of class D-J senior secured deferrable floating-rate notes at SOFR plus 475 bps, $21 million of class E-R senior secured deferrable floating-rate notes at SOFR plus 630 bps, $7 million of class F-R senior secured deferrable floating-rate notes at SOFR plus 846 bps and $40.89 million of subordinated notes.
GoldenTree Loan Management II LP will manage the collateral through the end of the reinvestment period on April 20, 2029.
Collateral consists of broadly syndicated speculative-grade senior secured term loans.
The CLO can be called starting April 20, 2026.
BofA Securities Inc. was the placement agent.
The original CLO had $4.2 million of class X floating-rate notes at Libor plus 50 bps, $455 million of class A floating-rate notes at Libor plus 107 bps and $84 million of class B floating-rate notes at Libor plus 150 bps.
The transaction also included $45.5 million of class C deferrable floating-rate notes at Libor plus 180 bps, $40.6 million of class D deferrable floating-rate notes at Libor plus 290 bps, $21.35 million of class E deferrable floating-rate notes at Libor plus 475 bps, $6.3 million of class F deferrable floating-rate notes at Libor plus 675 bps and $40.89 million of subordinated notes.
The CLO manager is part of New York City-based private investment firm GoldenTree Asset Management, LP.
| Issuer: | GoldenTree Loan Management US CLO 9 Ltd./GoldenTree Loan Management US CLO 9 LLC
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | $695.39 million
|
| Maturity: | April 20, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities Inc.
|
| Manager: | GoldenTree Loan Management II LP
|
| Call feature: | April 20, 2026
|
| Pricing date: | April 19
|
| Settlement date: | April 22
|
|
|
| Class X-R notes
|
| Amount: | $3.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 90 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-RL loans
|
| Amount: | $150 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | SOFR plus 150 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-RN notes
|
| Amount: | $0 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 150 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-R notes
|
| Amount: | $298 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 150 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-J notes
|
| Amount: | $7 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 165 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B-R notes
|
| Amount: | $77 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | S&P: AA
|
|
|
| Class C-R notes
|
| Amount: | $42 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: A
|
|
|
| Class D-R notes
|
| Amount: | $38.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 335 bps
|
| Rating: | S&P: BBB
|
|
|
| Class D-J notes
|
| Amount: | $10.5 million
|
| Securities: | Senior Secured Deferrable floating-rate notes
|
| Coupon: | SOFR plus 475 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E-R notes
|
| Amount: | $21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 630 bps
|
| Rating: | S&P: BB-
|
|
|
| Class F-R notes
|
| Amount: | $7 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 846 bps
|
| Rating: | S&P: B-
|
|
|
| Subordinated notes
|
| Amount: | $40.89 million
|
| Securities: | Subordinated notes
|
|
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