By Cristal Cody
Tupelo, Miss., Oct. 19 – Voya Alternative Asset Management LLC priced $31.48 million of notes due Oct. 15, 2030 in a third partial refinancing of a vintage 2012 broadly syndicated collateralized loan obligation offering, according to market sources.
Voya CLO 2012-4, Ltd./Voya CLO 2012-4 LLC sold $14.98 million of 1.863% class A-1b-R-R-R secured fixed-rate notes (AAA).
The CLO also priced $16.5 million of 2.131% class A-2b-R-R-R secured fixed-rate notes (AA).
BNP Paribas Securities Corp. was the refinancing agent.
The CLO was originally issued on Nov. 29, 2012 and was previously refinanced on Sept. 22, 2016 and Nov. 5, 2019.
In the 2019 refinancing, the CLO had priced $15 million of 2.764% class A-1-b-R-R fixed-rate notes and $16.5 million of 3.472% class A-2-B-R-R fixed-rate notes.
The new refinanced notes have a non-call period to but excluding the payment date in January 2021.
Proceeds were used to redeem the class A-1-b-R-R and A-2-B-R-R notes.
The CLO is backed mainly by broadly syndicated first-lien senior secured loans.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2012-4, Ltd./Voya CLO 2012-4 LLC
|
| Amount: | $31.48 million refinancing
|
| Maturity: | Oct. 15, 2030
|
| Securities: | Secured fixed-rate notes
|
| Structure: | Cash flow CLO
|
| Refinancing agent: | BNP Paribas Securities Corp.
|
| Manager: | Voya Alternative Asset Management LLC
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| Call feature: | January 2021
|
| Pricing date: | Oct. 1
|
| Settlement date: | Oct. 15
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Class A-1b-R-R-R notes
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| Amount: | $14.98 million refinancing
|
| Securities: | Secured fixed-rate notes
|
| Coupon: | 1.863%
|
| Rating: | S&P: AAA
|
|
|
| Class A-2b-R-R-R notes
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| Amount: | $16.5 million refinancing
|
| Securities: | Secured fixed-rate notes
|
| Coupon: | 2.131%
|
| Rating: | S&P: AA
|
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