Chicago, May 17 – Symphony Alternative Asset Management LLC sold $399 million in a collateralized loan obligation issued by Symphony CLO 30, Ltd., according to multiple press releases.
The notes will mature on April 20, 2035.
The CLO consists of $246 million of class A-L floating-rate loans at SOFR plus 185 basis points, $10 million of class A-N senior secured floating-rate notes at SOFR plus 185 bps, $46 million of class B senior secured floating-rate notes at SOFR plus 265 bps, $24.5 million of class C senior secured deferrable floating-rate notes at SOFR plus 335 bps, $21.5 million of class D senior secured deferrable floating-rate notes at SOFR plus 585 bps, $14 million of class E senior secured deferrable floating-rate notes at SOFR plus 838.5 bps, $100,000 of class F senior secured deferrable floating-rate notes at SOFR plus 825 bps and $36.9 million of subordinated notes.
Symphony Alternative Asset Management LLC will manage the collateral through the end of the reinvestment period on April 20, 2026.
Collateral for the notes consists of senior secured leveraged loans.
The notes can be called starting May 2, 2024.
Symphony Asset Management is a San Francisco-based asset management firm and is an affiliate of Nuveen Asset Management, LLC.
Issuer: | Symphony CLO 30, Ltd.
|
Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
Amount: | $399 million
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Maturity: | April 20, 2035
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Structure: | Cash flow CLO
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Manager: | Symphony Alternative Asset Management LLC
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Call feature: | May 2, 2024
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Settlement date: | May 2
|
|
Class A-L loans
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Amount: | $246 million
|
Securities: | Floating-rate loans
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Coupon: | SOFR plus 185 bps
|
Rating: | Moody's: Aaa
|
|
Class A-N notes
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Amount: | $10 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 185 bps
|
Rating: | Moody's: Aaa
|
|
Class B notes
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Amount: | $46 million
|
Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 265 bps
|
Rating: | Fitch: AA
|
|
Class C notes
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Amount: | $24.5 million
|
Securities: | Senior secured deferrable floating-rate notes
|
Coupon: | SOFR plus 335 bps
|
Rating: | Fitch: A
|
|
Class D notes
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Amount: | $21.5 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 585 bps
|
Rating: | Fitch: BBB-
|
|
Class E notes
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Amount: | $14 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 838.5 bps
|
Rating: | Fitch: BB-
|
|
Class F notes
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Amount: | $100,000
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 825 bps
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Rating: | Moody’s: B3
|
|
Subordinated notes
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Amount: | $36.9 million
|
Securities: | Subordinated notes
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