Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events (Tables)

v3.24.1.1.u2
Subsequent Events (Tables)
 3 Months Ended
Mar. 31, 2024
Subsequent Events [Abstract]  
Schedule of Debt Securitization
The CLO Transaction is expected to be executed through (i) a private placement of Class A-1 Senior Secured Floating Rate Notes, Class A-2 Senior Secured Floating Rate Notes, Class A-F Senior Secured Fixed Rate Notes, Class B-1 Senior Secured Floating Rate Notes, Class B-2 Senior Secured Floating Rate Notes, Class B-F Senior Secured Fixed Rate Notes, Class C-1 Secured Deferrable Floating Rate Notes, Class C-2 Secured Deferrable Floating Rate Notes, and Class C-F Secured Deferrable Fixed Rate Notes (collectively, the “HLEND 2024-2 Secured Notes”), and (ii) a purchase by the Depositor (as defined below) of the subordinated notes issued by the Issuer (the “Subordinated Notes” and, together with the HLEND 2024-2 Secured Notes, the “HLEND 2024-2 Notes”), the terms of which are summarized in the table below:
Class Par Size ($)  Expected Ratings (S&P)* Coupon Price
Class A-1 Notes
 $ 255,000 
AAA(sf)
SOFR + 0.250%
93.2247
Class A-2 Notes
 40,850
AAA(sf)
SOFR + 1.875%
100.0000
Class A-F Notes
 9,150
AAA(sf)
 6.275%
100.0000
Class B-1 Notes
 35,000
AA(sf)
SOFR + 0.500%
89.9300
Class B-2 Notes
 13,500
AA(sf)
SOFR + 2.400%
100.0000
Class B-F Notes
 1,500
AA(sf)
 6.714%
100.0000
Class C-1 Notes
 31,500
A(sf)
SOFR + 0.750%
86.5400
Class C-2 Notes
 12,150
A(sf)
SOFR + 3.200%
100.0000
Class C-F Notes
 1,350
A(sf)
 7.490%
100.0000
Subordinated Notes
 126,000
N/A
N/A
N/A
Total $ 526,000