Chicago, March 3 – Symphony Alternative Asset Management LLC sold $403.9 million in a collateralized loan obligation issued by Symphony CLO XXIX, Ltd., according to press release.
The notes will mature on Jan. 16, 2034.
The CLO consists of $1 million of class X senior secured floating-rate notes, $256 million of class A senior secured floating-rate notes, $48 million of class B senior secured floating-rate notes, $24 million of class C senior secured deferrable floating-rate notes, $24 million of class D senior secured deferrable floating-rate notes, $16 million of class E senior secured deferrable floating-rate notes and $34.9 million of subordinated notes.
Symphony Alternative Asset Management LLC will manage the collateral through the end of the three-year reinvestment period.
Collateral for the notes consists of broadly syndicated corporate loans.
Goldman Sachs & Co. LLC was the placement agent.
Symphony Alternative Asset Management, subsidiary of Nuveen, is an investment management company based in New York.
Issuer: | Symphony CLO XXIX, Ltd.
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Issue: | Floating-rate notes and subordinated notes
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Amount: | $403.9 million
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Maturity: | Jan. 16, 2034
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Structure: | Cash flow CLO
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Placement agent: | Goldman Sachs & Co. LLC
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Manager: | Symphony Alternative Asset Management LLC
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Settlement date: | Dec. 29
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Class X notes
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Amount: | $1 million
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Securities: | Senior secured floating-rate notes
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Rating: | Moody's: Aaa
|
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Class A notes
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Amount: | $256 million
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Securities: | Senior secured floating-rate notes
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Rating: | Moody's: Aaa
|
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Class B notes
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Amount: | $48 million
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Securities: | Senior secured floating-rate notes
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Rating: | Moody's: Aa2
|
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Class C notes
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Amount: | $24 million
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Securities: | Senior secured deferrable floating-rate notes
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Rating: | Moody's: A2
|
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Class D notes
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Amount: | $24 million
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Securities: | Senior secured deferrable floating-rate notes
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Rating: | Moody's: Baa3
|
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Class E notes
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Amount: | $16 million
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Securities: | Senior secured deferrable floating-rate notes
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Rating: | Moody's: Ba3
|
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Subordinated notes
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Amount: | $34.9 million
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Securities: | Subordinated notes
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