Chicago, July 28 – Assured Investment Management LLC sold $555.4 million in a collateralized loan obligation issued by BlueMountain CLO XXXV Ltd., according to multiple press releases.
The notes will mature on July 22, 2035.
The CLO consists of $352 million of class A senior secured floating-rate notes at SOFR plus 155 basis points, $66 million of class B senior secured floating-rate notes at SOFR plus 210 bps, $33 million of class C senior secured deferrable floating-rate notes at SOFR plus 250 bps, $33 million of class D senior secured deferrable floating-rate notes at SOFR plus 400 bps, $22 million of class E senior secured deferrable floating-rate notes at SOFR plus 775 bps, $1.4 million of class F senior secured deferrable floating-rate notes at SOFR plus 840 bps and $48 million of subordinated notes.
Assured Investment Management LLC will manage the collateral through the end of the 5.1-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Goldman Sachs & Co. LLC was the placement agent.
Assured Investment Management is the New York-based institutional asset management business of Assured Guaranty.
| Issuer: | BlueMountain CLO XXXV Ltd.
|
| Amount: | $555.4 million
|
| Issue: | Floating-rate notes and subordinated notes
|
| Maturity: | July 22, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman Sachs & Co. LLC
|
| Manager: | Assured Investment Management LLC
|
| Settlement date: | June 21
|
|
|
| Class A notes
|
| Amount: | $352 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 155 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $66 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 210 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $33 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
| Rating: | Fitch: A+
|
|
|
| Class D notes
|
| Amount: | $33 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 400 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $22 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 775 bps
|
| Rating: | Fitch: BB+
|
|
|
| Class F notes
|
| Amount: | $1.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 840 bps
|
| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $48 million
|
| Securities: | Subordinated notes
|
|
|
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