Guggenheim to price $402.5 million of notes in new middle-market CLO offering

By Cristal Cody

Tupelo, Miss., Nov. 15 – Guggenheim Partners Investment Management LLC plans to sell $402.5 million of notes due Jan. 15, 2031 in a middle-market collateralized loan obligation transaction, according to an informed source.

The Guggenheim MM CLO 2018-1 Ltd./Guggenheim MM CLO 2018-1 LLC deal includes $222.2 million of class A floating-rate notes (/AAA/); $40.4 million of class B floating-rate notes (/AA/); $37.4 million of class C floating-rate notes (/A/); $21.2 million of class D floating-rate notes (/BBB/); $20.2 million of class E floating-rate notes (/BB); $8.1 million of class F floating-rate notes (/B/) and $53 million of subordinated notes.

Natixis Securities Americas LLC is the placement agent.

Guggenheim will manage the CLO, which has a two-year non-call period and a four-year reinvestment period.

The CLO is collateralized by middle-market senior secured loans.

The deal is expected to close on Dec. 17.

Guggenheim Partners Investment Management is an asset management firm based in New York and Chicago.

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