Chicago, Aug. 17 – GoldenTree Loan Management II sold $389.8 million in a collateralized loan obligation being issued by GoldenTree Loan Management US CLO 15, Ltd., according to multiple press releases.
The notes will mature on July 20, 2033.
The CLO consists of $2 million of class X senior secured floating-rate notes at SOFR plus 175 basis points, $256 million of class A senior secured floating-rate notes at SOFR plus 213 bps, $44 million of class B senior secured floating-rate notes at SOFR plus 300 bps, $24 million of class C mezzanine deferrable floating-rate notes at SOFR plus 395 bps, $23 million of class D mezzanine deferrable floating-rate notes at SOFR plus 496 bps, $16.4 million of class E junior deferrable floating-rate notes at SOFR plus 639 bps, $800,000 of class F junior deferrable floating-rate notes at SOFR plus 969 bps and $23.6 million of subordinated notes.
GoldenTree Loan Management II will manage the collateral through the end of the reinvestment period in three years.
Collateral for the notes consists of senior secured loans.
The notes can be called starting after one year.
Morgan Stanley was the structuring lead with BofA Securities and Wells Fargo Securities as co-leads.
GoldenTree is a global asset management firm based in New York. This is the asset manager’s 20th issued CLO.
| Issuer: | GoldenTree Loan Management US CLO 15, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $389.8 million
|
| Maturity: | July 20, 2033
|
| Structure: | Cash flow CLO
|
| Placement agents: | Morgan Stanley with BofA Securities and Wells Fargo Securities as co-leads
|
| Manager: | GoldenTree Loan Management II
|
| Call feature: | One year
|
| Settlement date: | Aug. 16
|
|
|
| Class X notes
|
| Amount: | $2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 175 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 213 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 395 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $23 million
|
| Securities: | Mezzanine deferrable floating-rate notes
|
| Coupon: | SOFR plus 496 bps
|
| Rating: | Fitch: BBB
|
|
|
| Class E notes
|
| Amount: | $16.4 million
|
| Securities: | Junior deferrable floating-rate notes
|
| Coupon: | SOFR plus 639 bps
|
| Rating: | Fitch: BB+
|
|
|
| Class F notes
|
| Amount: | $0.8 million
|
| Securities: | Junior deferrable floating-rate notes
|
| Coupon: | SOFR plus 969 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $23.6 million
|
| Securities: | Subordinated notes
|
|
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