Chicago, Feb. 15 – Morgan Stanley Eaton Vance CLO Manager LLC sold $508.2 million in a collateralized loan obligation being issued by Morgan Stanley Eaton Vance CLO 2022-16, Ltd., according to multiple notices.
The notes will mature on April 15, 2035.
The CLO consists of $307.5 million of class A-1 senior secured floating-rate notes at SOFR plus 132 basis points, $17.5 million of class A-2 senior secured floating-rate notes at SOFR plus 160 bps, $55 million of class B senior secured floating-rate notes at SOFR plus 185 bps, $30 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 220 bps, $30 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 325 bps, $20 million of class E mezzanine secured deferrable floating-rate notes at SOFR plus 670 bps and $48.2 million of subordinated notes.
Morgan Stanley Eaton Vance CLO Manager LLC will manage the collateral through the end of the five-year reinvestment period.
Backing the notes is a portfolio of broadly syndicated senior secured corporate loans.
BofA Securities, Inc. was the placement agent.
The asset manager is based out of New York.
| Issuer: | Morgan Stanley Eaton Vance CLO 2022-16, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $508.2 million
|
| Maturity: | April 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities, Inc.
|
| Manager: | Morgan Stanley Eaton Vance CLO Manager LLC
|
| Settlement date: | March 30
|
|
|
| Class A-1 notes
|
| Amount: | $307.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 132 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $17.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 160 bps
|
| Rating: | Moody's: NR
|
| Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $55 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 185 bps
|
| Rating: | Moody's: NR
|
| Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $30 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 220 bps
|
| Rating: | Moody's: NR
|
| Fitch: A
|
|
|
| Class D notes
|
| Amount: | $30 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 325 bps
|
| Rating: | Moody's: NR
|
| Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $20 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 670 bps
|
| Rating: | Moody's: Ba3
|
| Fitch: NR
|
|
|
| Subordinated notes
|
| Amount: | $48.2 million
|
| Securities: | Subordinated notes
|
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