Chicago, March 7 – HPS Investment Partners, LLC sold $507.4 million in a collateralized loan obligation issued by HPS Loan Management 2021-16, Ltd., according to press release.
The notes will mature on Jan. 23, 2035.
The CLO consists of $310 million of class A-1 senior secured floating-rate notes, $5 million of class A-2 senior secured floating-rate notes, $65 million of class B senior secured floating-rate notes, $26.5 million of class C mezzanine secured deferrable floating-rate notes, $31.5 million of class D mezzanine secured deferrable floating-rate notes, $22 million of class E junior secured deferrable floating-rate notes and $47.4 million of subordinated notes.
HPS Investment Partners, LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
Nomura Securities International, Inc. was the placement agent.
The subsidiary of Highbridge Capital Management, LLC is based in New York City.
| Issuer: | HPS Loan Management 2021-16, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $507.4 million
|
| Maturity: | Jan. 23, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Nomura Securities International, Inc.
|
| Manager: | HPS Investment Partners, LLC
|
| Settlement date: | Dec. 23, 2021
|
|
|
| Class A-1 notes
|
| Amount: | $310 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $5 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $65 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $26.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | $31.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $22 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $47.4 million
|
| Securities: | Subordinated notes
|
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