Chicago, Jan. 4 – Morgan Stanley Eaton Vance CLO Manager LLC issued $403 million of notes in a collateralized loan obligation from Morgan Stanley Eaton Vance CLO 2023-20, Ltd., according to press releases.
The notes will mature on Jan. 20, 2037.
The CLO consists of $246 million of class A-1 senior secured floating-rate notes, $14 million of class A-2 senior secured floating-rate notes, $44 million of class B senior secured floating-rate notes, $24 million of class C mezzanine secured deferrable floating-rate notes, $22 million of class D mezzanine secured deferrable floating-rate notes, $14 million of class E junior secured deferrable floating-rate notes and $39 million of subordinated notes.
Morgan Stanley Eaton Vance CLO Manager LLC will manage the collateral through the end of the reinvestment period on Jan. 22, 2029.
Collateral for the notes consists of first-lien senior secured leveraged loans.
The notes can be called starting Jan. 20, 2026.
Eaton Vance is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.
| Issuer: | Morgan Stanley Eaton Vance CLO 2023-20, Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $403 million
|
| Maturity: | Jan. 20, 2037
|
| Structure: | Cash flow CLO
|
| Manager: | Morgan Stanley Eaton Vance CLO Manager LLC
|
| Call feature: | Jan. 20, 2026
|
| Pricing date: | Oct. 27
|
| Settlement date: | Dec. 13
|
|
|
| Class A-1 notes
|
| Amount: | $246 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $14 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $24 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $22 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $14 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $39 million
|
| Securities: | Subordinated notes
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
