Chicago, March 14 – American Money Management Corp. refinanced for $382.04 million five classes of notes from the collateralized loan obligation issued by AMMC CLO 15, Ltd., according to a press release.
The notes will mature on Jan. 15, 2032.
The CLO now has $1.125 million of class AXR3 amortizing senior secured floating-rate notes, $280.61 million of class AR3 senior secured floating-rate notes, $52.7 million of class BR3 senior secured floating-rate notes, $21.1 million of class CR3 senior secured deferrable floating-rate notes at SOFR plus bps and $26.5 million of class DR3 senior secured deferrable floating-rate notes.
Two other secured notes and subordinated notes were not part of the refinancing.
American Money Management Corp. will manage the collateral through the end of the reinvestment period.
Collateral comes from syndicated senior secured corporate loans.
Nomura Securities International, Inc. was the refinancing placement agent.
The Cincinnati-based firm is a subsidiary of insurance holding company American Financial Group, Inc.
| Issuer: | AMMC CLO 15, Ltd.
|
| Issue: | Floating-rate notes
|
| Amount: | $382.039917 million
|
| Maturity: | Jan. 15, 2032
|
| Structure: | Cash flow CLO
|
| Placement agent: | Nomura Securities International, Inc.
|
| Manager: | American Money Management Corp.
|
| Announcement date: | Dec. 17
|
|
|
| Class AXR3 notes
|
| Amount: | $1.125 million
|
| Securities: | Amortizing senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class AR3 notes
|
| Amount: | $280.614917 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class BR3 notes
|
| Amount: | $52.7 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Class CR3 notes
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| Amount: | $21.1 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: A2
|
|
|
| Class DR3 notes
|
| Amount: | $26.5 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Rating: | Moody's: Baa3
|
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