Chicago, Feb. 20 – American Money Management Corp. priced $406 million of notes in a collateralized loan obligation being issued by AMMC CLO 30 Ltd./AMMC CLO 30 LLC, according to a presale report.
The notes will mature on Jan. 15, 2037.
The CLO consists of $248 million of class A-1 senior secured floating-rate notes at SOFR plus 168 basis points, $8 million of class A-2 senior secured floating-rate notes at SOFR plus 195 bps, $48 million of class B senior secured floating-rate notes at SOFR plus 235 bps, $22 million of class C senior secured deferrable floating-rate notes at SOFR plus 265 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 450 bps, $16 million of class E senior secured deferrable floating-rate notes at SOFR plus 773 bps and $40 million of subordinated notes.
American Money Management Corp. will manage the collateral through the end of the reinvestment period on Jan. 15, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Jan. 15, 2026.
Morgan Stanley & Co. LLC was the placement agent.
American Money Management is a Cincinnati-based firm and subsidiary of insurance holding company American Financial Group, Inc.
| Issuer: | AMMC CLO 30 Ltd./AMMC CLO 30 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $406 million
|
| Maturity: | Jan. 15, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Morgan Stanley & Co. LLC
|
| Manager: | American Money Management Corp.
|
| Call feature: | Jan. 15, 2026
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 22
|
|
|
| Class A-1 notes
|
| Amount: | $248 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 168 bps
|
| Rating: | S&P: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $8 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 235 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $22 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 265 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 450 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $16 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 773 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $40 million
|
| Securities: | Subordinated notes
|
|
|
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