Chicago, Jan. 17 – Neuberger Berman Loan Advisers II LLC sold $352.8 million in a collateralized loan obligation issued by Neuberger Berman Loan Advisers NBLA CLO 53, Ltd., according to a new issue report.
The notes will mature on Oct. 24, 2032.
The CLO consists of $232.75 million of class A senior secured floating-rate notes at SOFR plus 159 basis points, $38.5 million of class B senior secured floating-rate notes at SOFR plus 225 bps, $19.25 million of class C senior secured deferrable floating-rate notes at SOFR plus 260 bps, $21 million of class D senior secured deferrable floating-rate notes at SOFR plus 450 bps, $10.5 million of class E senior secured deferrable floating-rate notes at SOFR plus 762.5 bps and $30.8 million of subordinated notes.
Neuberger Berman Loan Advisers II LLC will manage the collateral through the end of the 0.9-year reinvestment period.
Collateral for the notes consists of first-lien senior secured loans.
The notes can be called starting .
The Chicago-based investment management firm is an affiliate of Neuberger Berman Group LLC.
Issuer: | Neuberger Berman Loan Advisers NBLA CLO 53, Ltd.
|
Issue: | Floating-rate notes and subordinated notes
|
Amount: | $352.8 million
|
Maturity: | Oct. 24, 2032
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Structure: | Cash flow CLO
|
Manager: | Neuberger Berman Loan Advisers II LLC
|
Settlement date: | Nov. 16
|
|
Class A notes
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Amount: | $232.75 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 159 bps
|
Rating: | Fitch: AAA
|
|
Class B notes
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Amount: | $38.5 million
|
Securities: | Senior secured floating-rate notes
|
Coupon: | SOFR plus 225 bps
|
Rating: | Fitch: AA
|
|
Class C notes
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Amount: | $19.25 million
|
Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 260 bps
|
Rating: | Fitch: A
|
|
Class D notes
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Amount: | $21 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 450 bps
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Rating: | Fitch: BBB-
|
|
Class E notes
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Amount: | $10.5 million
|
Securities: | Senior secured deferrable floating-rate notes
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Coupon: | SOFR plus 762.5 bps
|
Rating: | Fitch: BB-
|
|
Subordinated notes
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Amount: | $30.8 million
|
Securities: | Subordinated notes
|
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