By Cady Vishniac
Detroit, Jan. 20 – Columbia Management Investment Advisors, LLC priced $409.32 million of notes due Jan. 20, 2034, according to a market source.
Columbia Cent CLO 30 Ltd./Columbia Cent CLO 30 Corp. sold $4 million of class X floating-rate notes at Libor plus 100 basis points, $248 million of class A-1 floating-rate notes at Libor plus 131 bps, $12 million of class A-2 floating-rate notes at Libor plus 160 bps, $44 million of class B floating-rate notes at Libor plus 175 bps, $24 million of class C deferrable floating-rate notes at Libor plus 255 bps, $24 million of class D deferrable floating-rate notes at Libor plus 384 bps, $14 million of class E deferrable floating-rate notes at Libor plus 694 bps and $39.32 million of subordinated notes.
Jefferies LLC is the placement agent.
Columbia Management Investment Advisors will manage the CLO.
The CLO is collateralized primarily by broadly syndicated senior secured term loans. It is noncallable until April 20, 2023 and has a reinvestment period of five years.
Columbia Management Investment is an investment management firm based in Boston.
| Issuer: | Columbia Cent CLO 30 Ltd./Columbia Cent CLO 30 Corp.
|
| Amount: | $409.32 million
|
| Maturity: | Jan. 20, 2034
|
| Securities: | Floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | Jefferies LLC
|
| Manager: | Columbia Management Investment Advisors, LLC
|
| Call feature: | Two years
|
| Settlement date: | Jan. 20
|
|
|
| Class X notes
|
| Amount: | $4 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 100 bps
|
| Ratings: | S&P: AAA
|
|
|
| Class A-1 notes
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| Amount: | $248 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 131 bps
|
| Ratings: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $12 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 160 bps
|
| Ratings: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $44 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 175 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 255 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 384 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 694 bps
|
| Rating: | S&P: BB-
|
|
|
| Equity
|
| Amount: | $39.32 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
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