Golub Capital Partners is preparing a $300 million CLO. Golub Capital Partners CLO 10 is a managed cash-flow CLO collateralized primarily by broadly syndicated first-lien senior secured corporate loans, according to a presale report by Moody’s Investors Service.
Moody's has assigned a provisional 'AAA' rating to the $197 million Class A senior note tranche due 2021.
In addition to the senior notes, the CLO will issue six other tranches, including one tranche of subordinated notes, all of which are junior to the Class A notes.
The deal is expected to close Sept. 21.