Chicago, Nov. 6 – Voya Alternative Asset Management LLC reset for $399.6 million the collateralized loan obligation issued by Voya CLO 2022-3, Ltd., according to a presale report and a press release.
The notes will now mature on Oct. 20, 2036.
The reset CLO consists of $1.1 million of class X senior secured floating-rate notes at SOFR plus 160 basis points, $256 million of class A-1R senior secured floating-rate notes at SOFR plus 170 bps, $8 million of class A-2R senior secured floating-rate notes at SOFR plus 215 bps, $40 million of class B-R senior secured floating-rate notes at SOFR plus 240 bps, $24 million of class C-R senior secured deferrable floating-rate notes at SOFR plus 290 bps, $21 million of class D-R senior secured deferrable floating-rate notes at SOFR plus 450 bps, $15 million of class E-R senior secured deferrable floating-rate notes at SOFR plus 800 bps and $34.5 million of subordinated notes.
The CLO originally consisted of $256 million of class A-1 floating-rate notes at SOFR plus 200 bps, $8 million of class A-2 floating-rate notes at SOFR plus 245 bps, $40 million of class B floating-rate notes at SOFR plus 285 bps, $24 million of class C floating-rate notes at SOFR plus 385 bps, $17.25 million of class D-1 floating-rate notes at SOFR plus 500 bps, $6.75 million of class D-2 8% fixed-rate notes, $13 million of class E floating-rate notes at SOFR plus 860 bps and $34.5 million of subordinated notes.
Voya Alternative Asset Management LLC will manage the collateral through the end of the reinvestment period on Oct. 20, 2028.
Collateral for the notes consists of non-investment-grade broadly syndicated loans and other assets.
The notes can be called starting Oct. 20, 2025.
BofA Securities, Inc. was the placement agent.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2022-3, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $399.6 million
|
| Maturity: | Oct. 20, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities, Inc.
|
| Manager: | Voya Alternative Asset Management LLC
|
| Call feature: | Oct. 20, 2025
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 20
|
|
|
| Class X notes
|
| Amount: | $1.1 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 160 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1R notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 170 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2R notes
|
| Amount: | $8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 215 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B-R notes
|
| Amount: | $40 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C-R notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 290 bps
|
| Rating: | Fitch: A
|
|
|
| Class D-R notes
|
| Amount: | $21 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 450 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E-R notes
|
| Amount: | $15 million
|
| Securities: | Senior Secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 800 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $34.5 million
|
| Securities: | Subordinated notes
|
|
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