Chicago, June 28 – Morgan Stanley Eaton Vance CLO Manager LLC will issue $398.3 million in a collateralized loan obligation from Morgan Stanley Eaton Vance CLO 2022-17A, Ltd., according to a presale report and a press release.
The notes will mature on July 20, 2035.
The CLO consists of $246 million of class A-1 senior secured floating-rate notes, $10 million of class A-2 senior secured floating-rate notes, $48 million of class B senior secured floating-rate notes, $22.4 million of class C mezzanine secured deferrable floating-rate notes, $25.6 million of class D mezzanine secured deferrable floating-rate notes, $10.2 million of class E junior secured deferrable floating-rate notes, $1 million of class F junior secured deferrable floating-rate notes and $35.1 million of subordinated notes.
Morgan Stanley Eaton Vance CLO Manager LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of first-lien senior secured leveraged loans.
Barclays was the placement agent.
Morgan Stanley Investment Management is a New York-based capital manager and subsidiary of financial products and services company Morgan Stanley.
| Issuer: | Morgan Stanley Eaton Vance CLO 2022-17A, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $398.3 million
|
| Maturity: | July 20, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays
|
| Manager: | Morgan Stanley Eaton Vance CLO Manager LLC
|
| Settlement date: | Aug. 4
|
|
|
| Class A-1 notes
|
| Amount: | $246 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
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| Amount: | $10 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
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| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
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| Amount: | $22.4 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Fitch: A
|
|
|
| Class D notes
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| Amount: | $25.6 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
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| Rating: | Fitch: BBB-
|
|
|
| Class E notes
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| Amount: | $10.2 million
|
| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Fitch: BB
|
|
|
| Class F notes
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| Amount: | $1 million
|
| Securities: | Junior secured deferrable floating-rate notes
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| Rating: | Moody's: B3
|
|
|
| Subordinated notes
|
| Amount: | $35.1 million
|
| Securities: | Subordinated notes
|
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