Chicago, Oct. 27 – AGL CLO Credit Management LLC sold $392.2 million in a collateralized loan obligation being issued by AGL CLO 22 Ltd., according to multiple press releases.
The notes will mature on Oct. 22, 2035.
The CLO consists of $52 million of class A senior secured floating-rate notes at SOFR plus 190 basis points, $200 million of class A-L floating-rate notes at SOFR plus 190 bps, $0 million of class A-L senior secured floating-rate notes, $44 million of class B-1 senior secured floating-rate notes at SOFR plus 295 bps, $5 million of class B-2 6.12% senior secured fixed-rate notes, $23 million of class C mezzanine secured floating-rate notes at SOFR plus 400 bps, $25.2 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 500 bps, $14.8 million of class E junior secured deferrable floating-rate notes at SOFR plus 863 bps and $28.2 million of subordinated notes.
AGL CLO Credit Management LLC will manage the collateral through the end of the five-year reinvestment period.
Collateral for the notes consists of first-lien senior secured loans.
The collateral manager is a relying adviser of AGL Credit Management LP.
| Issuer: | AGL CLO 22 Ltd.
|
| Issue: | Floating-rate notes, floating-rate loans, fixed-rate notes and subordinated notes
|
| Amount: | $392.2 million
|
| Maturity: | Oct. 22, 2035
|
| Structure: | Cash flow CLO
|
| Manager: | AGL CLO Credit Management LLC
|
| Settlement date: | Oct. 24
|
|
|
| Class A notes
|
| Amount: | $52 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 190 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-L loans
|
| Amount: | $200 million
|
| Securities: | Loans
|
| Coupon: | SOFR plus 190 bps
|
| Rating: | Moody's: Aaa
|
|
|
| Class A-L notes
|
| Amount: | $0 million
|
| Securities: | Senior secured floating-rate notes
|
| Rating: | Moody's: Aaa
|
|
|
| Class B-1 notes
|
| Amount: | $44 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 295 bps
|
| Rating: | Fitch: AA
|
|
|
| Class B-2 notes
|
| Amount: | $5 million
|
| Securities: | Senior secured fixed-rate notes
|
| Coupon: | 6.12%
|
| Rating: | Fitch: AA
|
|
|
| Class C notes
|
| Amount: | $23 million
|
| Securities: | Mezzanine secured floating-rate notes
|
| Coupon: | SOFR plus 400 bps
|
| Rating: | Fitch: A
|
|
|
| Class D notes
|
| Amount: | $25.2 million
|
| Securities: | Mezzanine secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 500 bps
|
| Rating: | Fitch: BBB-
|
|
|
| Class E notes
|
| Amount: | $14.8 million
|
| Securities: | Junior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 863 bps
|
| Rating: | Fitch: BB-
|
|
|
| Subordinated notes
|
| Amount: | $28.2 million
|
| Securities: | Subordinated notes
|
|
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