Chicago, April 11 – KKR Financial Advisors II, LLC sold $405.025 million in a collateralized loan obligation being issued by KKR CLO 45a Ltd., according to a presale report.
The notes will mature on April 15, 2035.
The CLO consists of $264 million of class A-L senior secured floating-rate loans at SOFR plus 133 basis points, $30 million of class B-1 senior secured floating-rate notes at SOFR plus 195 bps, $10 million of class B-2 5.87% senior secured fixed-rate notes, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 250 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 390 bps, $14 million of class E senior secured deferrable floating-rate notes at SOFR plus 730 bps and $39.03 million of subordinated notes.
KKR Financial Advisors II, LLC will manage the collateral through the end of the reinvestment period on April 15, 2026.
Collateral for the notes consists of non-investment-grade broadly syndicated loans and other assets.
The notes can be called starting April 11, 2025.
SG Americas Securities, LLC was the placement agent.
| Issuer: | KKR CLO 45a Ltd.
|
| Issue: | Floating-rate loans, floating-rate notes, fixed-rate notes and subordinated notes
|
| Amount: | $405.025 million
|
| Maturity: | April 15, 2035
|
| Structure: | Cash flow CLO
|
| Placement agent: | SG Americas Securities, LLC
|
| Manager: | KKR Financial Advisors II, LLC
|
| Call feature: | April 11, 2025
|
| Settlement date: | April 11
|
|
|
| Class A-L loans
|
| Amount: | $264 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | SOFR plus 133 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
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| Amount: | $30 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
|
|
| Class B-2 notes
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| Amount: | $10 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 5.87%
|
|
|
| Class C notes
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| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 250 bps
|
|
|
| Class D notes
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| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 390 bps
|
|
|
| Class E notes
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| Amount: | $14 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 730 bps
|
|
|
| Subordinated notes
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| Amount: | $39.025 million
|
| Securities: | Subordinated notes
|
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