Chicago, June 20 – Morgan Stanley Eaton Vance CLO Manager LLC sold $403.9 million in a collateralized loan obligation being issued by Morgan Stanley Eaton Vance CLO 2023-19, Ltd., according to a presale report.
The notes will mature on July 21, 2036.
The CLO consists of $252 million of class A-1 senior secured floating-rate notes at SOFR plus 195 basis points, $10.4 million of class A-2 senior secured floating-rate notes at SOFR plus 230 bps, $41.6 million of class B senior secured floating-rate notes at SOFR plus 260 bps, $22.4 million of class C senior secured floating-rate notes at SOFR plus 330 bps, $20.4 million of class D senior secured floating-rate notes at SOFR plus 550 bps, $15.2 million of class E senior secured floating-rate notes at SOFR plus 890 bps and $41.9 million of subordinated notes.
Morgan Stanley Eaton Vance CLO Manager LLC will manage the collateral through the end of the reinvestment period on July 20, 2028.
Collateral for the notes consists of non-investment-grade broadly syndicated loans.
The notes can be called starting June 9, 2025.
Barclays was the placement agent.
Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.
| Issuer: | Morgan Stanley Eaton Vance CLO 2023-19, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $403.9 million
|
| Maturity: | July 21, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays
|
| Manager: | Morgan Stanley Eaton Vance CLO Manager LLC
|
| Call feature: | June 9, 2025
|
| Settlement date: | June 8
|
|
|
| Class A-1 notes
|
| Amount: | $252 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $10.4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 230 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $41.6 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $22.4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 330 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $20.4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 550 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $15.2 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 890 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $41.9 million
|
| Securities: | Subordinated notes
|
|
|
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