Chicago, May 10 – Allstate Investment Management Co. refinanced three classes of notes from the Aimco CLO, Series 2018-B collateralized loan obligation originally sold on Dec. 27, 2018, according to a notice.
The notes retain their Jan. 15, 2032 maturity date.
The $322 million refinancing includes the $260 million of class A-R senior secured floating-rate notes at Libor plus 110 basis points, $42.5 million of class B-R senior secured floating-rate notes at Libor plus 165 bps and $19.5 million of class C-R senior secured deferrable floating-rate notes at Libor plus 210 bps.
The series D, series E and subordinated notes from the original transaction will remain outstanding.
Allstate Investment Management will still be the collateral manager through the remaining reinvestment period.
The non-call period has been extended.
The Northbrook, Ill.-based firm is a subsidiary of Allstate Corp.
| Issuer: | Aimco CLO, Series 2018-B
|
| Issue: | Floating-rate notes
|
| Structure: | Cash flow CLO
|
| Amount: | R322 million
|
| Maturity: | Jan. 15, 2032
|
| Manager: | Allstate Investment Management Co.
|
| Announcement date: | April 29
|
|
|
| Class A-R notes
|
| Amount: | $260 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 110 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-R notes
|
| Amount: | $42.5 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 165 bps
|
| Rating: | Moody's: Aa2
|
|
|
| Class C-R notes
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| Amount: | $19.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | Libor plus 210 bps
|
| Rating: | Moody's: A2
|
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