Chicago, Oct. 7 – AGL CLO Credit Management LLC sold $603.7 million in a collateralized loan obligation being issued by AGL CLO 12 Ltd., according to a pre-sale report.
The notes will mature on July 20, 2034.
The CLO consists of $372 million of class A-1 senior secured floating-rate notes, $12 million of class A-2 senior secured floating-rate notes, $69 million of class B senior secured floating-rate notes, $33 million of class C senior secured floating-rate notes, $37.5 million of class D senior secured deferrable floating-rate notes, $28.5 million of class E senior secured deferrable floating-rate notes and $51.7 million of subordinated notes.
AGL CLO Credit Management LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral comes from broadly syndicated senior secured corporate loans.
BofA Securities Inc. was the placement agent.
The New York-based investment firm was founded in 2019 and is a subsidiary of the Abu Dhabi Investment Authority.
| Issuer: | AGL CLO 12 Ltd.
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $603.7 million
|
| Maturity: | July 20, 2034
|
| Structure: | Cash flow CLO
|
| Placement agent: | BofA Securities Inc.
|
| Manager: | AGL CLO Credit Management LLC
|
| Settlement date: | June 16
|
|
|
| Class A-1 notes
|
| Amount: | $372 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-2 notes
|
| Amount: | $12 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: NR
|
| Fitch: AAA
|
|
|
| Class B notes
|
| Amount: | $69 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class C notes
|
| Amount: | $33 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class D notes
|
| Amount: | $37.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
|
|
| Class E notes
|
| Amount: | $28.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Ba3
|
|
|
| Subordinated notes
|
| Amount: | $51.7 million
|
| Securities: | Subordinated notes
|
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