Chicago, Sept. 20 – Assured Investment Management LLC sold $508.75 million in a collateralized loan obligation issued by BlueMountain CLO XXXII Ltd./BlueMountain CLO XXXII LLC, according to a pre-sale report.
The notes will mature on Oct. 15, 2034.
The CLO consists of $310 million of class A senior secured floating-rate notes at Libor plus 117 basis points, $70 million of class B senior secured floating-rate notes at Libor plus 170 bps, $30 million of class C senior secured deferrable floating-rate notes at Libor plus 200 bps, $30 million of class D senior secured deferrable floating-rate notes at Libor plus 340 bps, $18.75 million of class E senior secured deferrable floating-rate notes at Libor plus 660 bps and $50 million of subordinated notes.
Assured Investment Management LLC will manage the collateral through the end of the reinvestment period on Oct. 15, 2026.
The notes can be called starting Oct. 15, 2023.
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 XXXII Ltd./BlueMountain CLO XXXII LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $508.75 million
|
| Maturity: | Oct. 15, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | Goldman, Sachs, & Co. LLC
|
| Manager: | Assured Investment Management LLC
|
| Call feature: | Oct. 15, 2023
|
| Settlement date: | Sept. 16
|
|
|
| Class A notes
|
| Amount: | $310 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 117 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $70 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 170 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $30 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 200 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $30 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 340 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $18.75 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 660 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $50 million
|
| Securities: | Subordinated notes
|
|
|
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