Chicago, Nov. 8 – Voya Alternative Asset Management LLC sold $494.5 million in a collateralized loan obligation being issued by Voya CLO 2022-4, Ltd./Voya CLO 2022-4, LLC, according to a presale report.
The notes will mature on Oct. 20, 2033.
The CLO consists of $310 million of class A senior secured floating-rate notes at SOFR plus 215 basis points, $70 million of class B senior secured floating-rate notes at SOFR plus 330 bps, $25 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 405 bps, $27.5 million of class D-1 mezzanine secured deferrable floating-rate notes at SOFR plus 536 bps, $7.5 million of class D-2 mezzanine secured deferrable floating-rate notes at SOFR plus 651 bps, $15 million of class E junior secured deferrable floating-rate notes at SOFR plus 750 bps and $39.5 million of subordinated notes.
Voya Alternative Asset Management LLC will manage the collateral through the end of the reinvestment period on October 2025.
Collateral for the notes consists of broadly syndicated loans and other assets.
The notes can be called before April 2024 (for class A and B) or October 2023 (for classes C, D-1, D-2 and E).
Credit Suisse Securities (USA) LLC was the placement agent.
The firm is an affiliate of New York City-based Voya Investment Management LLC.
| Issuer: | Voya CLO 2022-4, Ltd./Voya CLO 2022-4, LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $494.5 million
|
| Maturity: | Oct. 20, 2033
|
| Structure: | Cash flow CLO
|
| Placement agent: | Credit Suisse Securities (USA) LLC
|
| Manager: | Voya Alternative Asset Management LLC
|
| Call feature: | April 2024 (for class A and B), October 2023 (for classes C, D-1, D-2 and E)
|
| Settlement date: | Nov. 30
|
|
|
| Class A notes
|
| Amount: | $310 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 215 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $70 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 330 bps
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $25 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 405 bps
|
| Rating: | Fitch: A
|
|
|
| Class D-1 notes
|
| Amount: | $27.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 536 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class D-2 notes
|
| Amount: | $7.5 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 651 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $15 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 750 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $39.5 million
|
| Securities: | Subordinated notes
|
|
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