Chicago, March 18 – AGL Core Fund Vintage 2021-1, LP sold $521.9 million in a collateralized loan obligation being issued by AGL Core CLO 15 Ltd., according to a press release and a filing.
The notes will mature on Jan. 22, 2035.
The CLO consists of $262.4 million of class A-1 senior secured floating-rate notes at Libor plus 115 basis points, $60 million of class A-1L senior secured floating-rate loans, $15.6 million of class A-2 secured deferrable floating-rate notes, $33.4 million of class B secured deferrable floating-rate notes and $150.5 million of subordinated notes.
AGL Core Fund Vintage 2021-1, LP will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
Barclays, BNP Paribas Securities Corp. and Mizuho Securities USA LLC were the placement agents.
The collateral manager is a relying adviser of AGL Credit Management LP.
| Issuer: | AGL Core CLO 15 Ltd.
|
| Issue: | Floating-rate notes, loans and subordinated notes
|
| Amount: | $521.9 million
|
| Maturity: | Jan. 22, 2035
|
| Structure: | Cash flow CLO
|
| Placement agents: | Barclays, BNP Paribas Securities Corp. and Mizuho Securities USA LLC
|
| Manager: | AGL Core Fund Vintage 2021-1, LP
|
| Settlement date: | Dec. 14, 2021
|
|
|
| Class A-1 notes
|
| Amount: | $262.4 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 115 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-1L loans
|
| Amount: | $60 million
|
| Securities: | Loans
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-2 notes
|
| Amount: | $15.6 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B notes
|
| Amount: | $33.4 million
|
| Securities: | Secured deferrable floating-rate notes
|
| Rating: | Moody's: Aa2
|
|
|
| Subordinated notes
|
| Amount: | $150.5 million
|
| Securities: | Subordinated notes
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
