Golub Capital is the first in the collateralized loan obligation pool this year, with a $250 million middle-market deal hitting the market this week. The collateral comprises a revolving pool of mostly middle-market senior secured loans.
The CLO’s $144 million class A notes, which Standard & Poor’s rated AAA, and will pay 200 basis points over three-month LIBOR; the $17.5 million class B notes will pay 400 bps over three-month LIBOR; the $19 million deferrable C class will pay 575 bps over three-month LIBOR and $70.08....