Chicago, June 22 – AGL CLO Credit Management LLC sold $394.45 million in a collateralized loan obligation being issued by AGL CLO 25 Ltd., according to multiple press releases.
The notes will mature on July 21, 2036.
The CLO consists of $252 million of class A-1 senior secured floating-rate notes at SOFR plus 185 basis points, $8 million of class A-2 senior secured floating-rate notes at SOFR plus 225 bps, $44 million of class B senior secured floating-rate notes at SOFR plus 260 bps, $24 million of class C mezzanine secured deferrable floating-rate notes at SOFR plus 325 bps, $23 million of class D mezzanine secured deferrable floating-rate notes at SOFR plus 530 bps, $13 million of class E junior secured deferrable floating-rate notes at SOFR plus 866 bps and $30.45 million of subordinated notes.
AGL CLO Credit Management LLC will manage the collateral through the end of the reinvestment period on July 21, 2028.
Collateral for the notes consists of broadly syndicated senior secured corporate loans.
The notes can be called starting June 13, 2025.
The collateral manager is a relying adviser of AGL Credit Management LP.
Issuer: | AGL CLO 25 Ltd.
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Issue: | Floating-rate notes and subordinated notes
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Amount: | $394.45 million
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Maturity: | July 21, 2036
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Structure: | Cash flow CLO
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Manager: | AGL CLO Credit Management LLC
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Call feature: | June 13, 2025
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Settlement date: | June 13
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Class A-1 notes
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Amount: | $252 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 185 bps
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Rating: | Moody's: Aaa
|
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Class A-2 notes
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Amount: | $8 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 225 bps
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Rating: | Fitch: AAA
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Class B notes
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Amount: | $44 million
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Securities: | Senior secured floating-rate notes
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Coupon: | SOFR plus 260 bps
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Rating: | Fitch: AA
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Class C notes
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Amount: | $24 million
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Securities: | Mezzanine secured deferrable floating-rate notes
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Coupon: | SOFR plus 325 bps
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Rating: | Fitch: A
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Class D notes
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Amount: | $23 million
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Securities: | Mezzanine secured deferrable floating-rate notes
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Coupon: | SOFR plus 530 bps
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Rating: | Fitch: BBB-
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Class E notes
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Amount: | $13 million
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Securities: | Junior secured deferrable floating-rate notes
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Coupon: | SOFR plus 866 bps
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Rating: | Fitch: BB-
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Subordinated notes
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Amount: | $30.45 million
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Securities: | Subordinated notes
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