Chicago, July 27 – AGL CLO Credit Management LLC sold $396.92 million in a collateralized loan obligation being issued by AGL CLO 26 Ltd./AGL CLO 26 LLC, according to a presale report.
The notes will mature on Oct. 21, 2036.
The CLO consists of $256 million of class A senior secured floating-rate notes at SOFR plus 170 basis points, $48 million of class B senior secured floating-rate notes at SOFR plus 260 bps, $24 million of class C senior secured deferrable floating-rate notes at SOFR plus 300 bps, $24 million of class D senior secured deferrable floating-rate notes at SOFR plus 500 bps, $12.4 million of class E senior secured deferrable floating-rate notes at SOFR plus 825 bps and $32.52 million of subordinated notes.
AGL CLO Credit Management LLC will manage the collateral through the end of the reinvestment period on Oct. 21, 2028.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting Aug. 10, 2025.
J.P. Morgan Securities LLC was the placement agent.
The collateral manager is a relying adviser of AGL Credit Management LP.
| Issuer: | AGL CLO 26 Ltd./AGL CLO 26 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $396.92 million
|
| Maturity: | Oct. 21, 2036
|
| Structure: | Cash flow CLO
|
| Placement agent: | J.P. Morgan Securities LLC
|
| Manager: | AGL CLO Credit Management LLC
|
| Call feature: | Aug. 10, 2025
|
| Settlement date: | Aug. 10
|
|
|
| Class A notes
|
| Amount: | $256 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 170 bps
|
|
|
| Class B notes
|
| Amount: | $48 million
|
| Securities: | Senior Secured floating-rate notes
|
| Coupon: | SOFR plus 260 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
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| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 300 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
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| Amount: | $24 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 500 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
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| Amount: | $12.4 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 825 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $32.52 million
|
| Securities: | Subordinated notes
|
|
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