Chicago, Feb. 25 – Assured Investment Management LLC refinanced for $405.4 million the collateralized loan obligation issued by BlueMountain CLO XXX Ltd., according to a pre-sale report.
The notes will mature on April 16, 2035.
The refinanced CLO consists of $3.4 million of class X-R senior secured floating-rate notes at SOFR plus 100 basis points, $248 million of class A-R senior secured floating-rate notes at SOFR plus 137 bps, $56 million of class B-R senior secured floating-rate notes at SOFR plus 190 bps, $24 million of class C-R senior secured deferrable floating-rate notes at SOFR plus 215 bps, $24 million of class D-R senior secured deferrable floating-rate notes at SOFR plus 330 bps, $16 million of class E-R senior secured deferrable floating-rate notes at SOFR plus 670 bps, $8 million of senior subordinated notes and $26 million of subordinated notes.
Assured Investment Management LLC will manage the collateral through the end of the 5.2-year reinvestment period.
Collateral will come from first-lien senior secured leveraged loans.
RBC Capital Markets, LLC was the placement agent.
Assured Investment Management is the New York-based institutional asset management business of Assured Guaranty.
Issuer: | BlueMountain CLO XXX Ltd.
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Issue: | Floating-rate notes and subordinated notes
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Amount: | $405.4 million
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Maturity: | April 16, 2035
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Structure: | Cash flow CLO
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Placement agent: | RBC Capital Markets, LLC
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Manager: | Assured Investment Management LLC
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Settlement date: | Feb. 17
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Class X-R notes
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Amount: | $3.4 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 100 bps
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Rating: | Moody's: Aaa
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Class A-R notes
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Amount: | $248 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 137 bps
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Rating: | Moody's: Aaa
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Class B-R notes
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Amount: | $56 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 190 bps
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Rating: | S&P: AA+
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Class C-R notes
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Amount: | $24 million
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Securities: | Senior secured Deferrable floating-rate notes
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Coupon: | SOFR plus 215 bps
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Rating: | S&P: A+
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Class D-R notes
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Amount: | $24 million
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Securities: | Senior secured Deferrable floating-rate notes
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Coupon: | SOFR plus 330 bps
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Rating: | S&P: BBB+
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Class E-R notes
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Amount: | $16 million
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Securities: | Senior secured Deferrable floating-rate notes
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Coupon: | SOFR plus 670 bps
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Rating: | Moody's: Ba3
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Senior subordinated notes
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Amount: | $8 million
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Securities: | Senior subordinated notes
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Subordinated notes
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Amount: | $26 million
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Securities: | Subordinated notes
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