Chicago, March 3 – Symphony Alternative Asset Management LLC sold $403.9 million in a collateralized loan obligation issued by Symphony CLO XXIX, Ltd., according to press release.
The notes will mature on Jan. 16, 2034.
The CLO consists of $1 million of class X senior secured floating-rate notes, $256 million of class A senior secured floating-rate notes, $48 million of class B senior secured floating-rate notes, $24 million of class C senior secured deferrable floating-rate notes, $24 million of class D senior secured deferrable floating-rate notes, $16 million of class E senior secured deferrable floating-rate notes and $34.9 million of subordinated notes.
Symphony Alternative Asset Management LLC will manage the collateral through the end of the three-year reinvestment period.
Collateral for the notes consists of broadly syndicated corporate loans.
Goldman Sachs & Co. LLC was the placement agent.
Symphony Alternative Asset Management, subsidiary of Nuveen, is an investment management company based in New York.
| Issuer: | Symphony CLO XXIX, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $403.9 million
|
| Maturity: | Jan. 16, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Symphony Alternative Asset Management LLC
|
| Settlement date: | Dec. 29
|
|
|
| Class X notes
|
| Amount: | $1 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $16 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $34.9 million
|
| Securities: | Subordinated notes
|
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