Chicago, June 9 – Voya Alternative Asset Management LLC sold $403 million in a collateralized loan obligation issued by Voya CLO 2022-1, Ltd., according to a press release.
The notes will mature on April 20, 2035.
The CLO consists of $228 million of class A-1 senior secured floating-rate notes, $28 million of class A-2 3.31% senior secured fixed-rate notes, $48 million of class B senior secured floating-rate notes, $24 million of class C mezzanine secured deferrable floating-rate notes, $24 million of class D mezzanine secured deferrable floating-rate notes, $16 million of class E junior secured deferrable floating-rate notes and $35 million of subordinated notes.
Voya CLO 2022-1, Ltd. will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of second-lien loans, senior secured bonds, senior unsecured bonds, senior secured notes, and loans.
Morgan Stanley & Co. LLC was the placement agent.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2022-1, Ltd.
|
| Issue: | Floating-rate notes, fixed-rate notes and subordinated notes
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| Amount: | $403 million
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| Maturity: | April 20, 2035
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| Structure: | Cash flow CLO
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| Placement agent: | Morgan Stanley & Co. LLC
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| Manager: | Voya Alternative Asset Management LLC
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| Settlement date: | April 21
|
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| Class A-1 notes
|
| Amount: | $228 million
|
| Securities: | Senior secured floating-rate notes
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| Rating: | Fitch: Aaa
|
|
|
| Class A-2 notes
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| Amount: | $28 million
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| Securities: | Senior secured fixed-rate notes
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| Coupon: | 3.31%
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| Rating: | Fitch: Aaa
|
|
|
| Class B notes
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| Amount: | $48 million
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| Securities: | Senior secured floating-rate notes
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| Rating: | Fitch: Aa2
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|
|
| Class C notes
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| Amount: | $24 million
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| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Fitch: A2
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|
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| Class D notes
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| Amount: | $24 million
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| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Fitch: Baa3
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|
| Class E notes
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| Amount: | $16 million
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| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Fitch: Ba3
|
|
|
| Subordinated notes
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| Amount: | $35 million
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| Securities: | Subordinated notes
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