New York, July 28 – HalseyPoint Asset Management LLC issued $405.35 million of notes due April 20, 2034 in a collateralized loan obligation offering, according to a presale report.
HalseyPoint CLO 4, Ltd. sold $238 million of class A floating-rate notes at Libor plus 122 basis points and $60 million of class B floating-rate notes at Libor plus 175 bps.
It also issued $23 million of class C deferrable floating-rate notes at Libor plus 215 bps, $15 million of class D-1 deferrable floating-rate notes at Libor plus 295 bps, $8 million of class D-2 deferrable floating-rate notes at Libor plus 410 bps, $15 million of class E deferrable floating-rate notes at Libor plus 671 bps and $40.35 million of subordinated notes.
GreensLedge Capital Markets LLC and Citigroup Global Markets Inc. were the placement agents.
The CLO has a two-year non-call period and a five-year reinvestment period.
Collateral is primarily broadly syndicated senior secured corporate loans.
The deal is HalseyPoint’s first this year.
HalseyPoint is a Los Angeles-based asset management firm.
| Issuer: | HalseyPoint CLO 4, Ltd.
|
| Amount: | $405.35 million
|
| Maturity: | April 20, 2034
|
| Securities: | Fixed-rate, floating-rate and subordinated notes
|
| Structure: | Cash flow CLO
|
| Placement agent: | GreensLedge Capital Markets LLC and Citigroup Global Markets Inc.
|
| Manager: | HalseyPoint Asset Management LLC
|
| Call feature: | Non-callable through July 20, 2023
|
| Settlement date: | June 29
|
|
|
| Class A notes
|
| Amount: | $238 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 122 bps
|
| Ratings: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $66 million
|
| Securities: | Floating-rate notes
|
| Coupon: | Libor plus 175 bps
|
| Ratings: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $23 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 215 bps
|
| Ratings: | S&P: A
|
|
|
| Class D-1 notes
|
| Amount: | $15 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 295 bps
|
| Ratings: | S&P: BBB+
|
|
|
| Class D-2 notes
|
| Amount: | $8 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 410 bps
|
| Ratings: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $15 million
|
| Securities: | Deferrable floating-rate notes
|
| Coupon: | Libor plus 671 bps
|
| Ratings: | S&P: BB-
|
|
|
| Equity
|
| Amount: | $40.35 million
|
| Securities: | Subordinated notes
|
| Ratings: | Non-rated
|
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