By Cristal Cody
Tupelo, Miss., March 25 – Golub Capital affiliate OPAL BSL LLC priced $407.5 million of notes due April 20, 2029 in the Golub Capital Partners CLO 41(B) Ltd./Golub Capital Partners CLO 41(B) LLC broadly syndicated transaction, according to market sources.
The CLO sold $256 million of class A floating-rate notes at Libor plus 137 basis points, $42 million of class B floating-rate notes at Libor plus 190 bps, $19 million of class C floating-rate notes at Libor plus 270 bps, $25 million of class D floating-rate notes at Libor plus 375 bps, $22 million of class E floating-rate notes at Libor plus 555 bps and $43.5 million of subordinated notes.
BofA Merrill Lynch was the placement agent.
OPAL BSL will manage the CLO.
The CLO has a one-year non-call period and a two-year reinvestment period.
The offering is collateralized primarily by broadly syndicated first-lien senior secured corporate loans.
Golub Capital is a New York-based middle market lender.
| Issuer: | Golub Capital Partners CLO 41(B) Ltd./Golub Capital Partners CLO 41(B) LLC
|
| Amount: | $407.5 million
|
| Securities: | Floating-rate and subordinated notes
|
| Maturity: | April 20, 2029
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Merrill Lynch
|
| Manager: | OPAL BSL LLC
|
| Call feature: | One year
|
| Pricing date: | March 13
|
| Settlement date: | April 11
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class A notes
|
| Amount: | $256 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 137 bps
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $42 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 190 bps
|
| Ratings: | Non-rated
|
|
|
| Class C notes
|
| Amount: | $19 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 270 bps
|
| Ratings: | Non-rated
|
|
|
| Class D notes
|
| Amount: | $25 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 375 bps
|
| Ratings: | Non-rated
|
|
|
| Class E notes
|
| Amount: | $22 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 555 bps
|
| Ratings: | Non-rated
|
|
|
| Equity
|
| Amount: | $43.5 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
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