Chicago, Aug. 20 – AGL CLO Credit Management LLC refinanced and extended the $575.48 million collateralized loan obligation issued by AGL CLO 6 Ltd./AGL CLO 6 LLC, according to a pre-sale report.
The notes will now mature on July 20, 2034.
The refinanced CLO consists of $359.6 million of class A-R senior secured floating-rate notes at Libor plus 120 basis points, $81.2 million of class B-R senior secured floating-rate notes at Libor plus 170 bps, $34.8 million of class C-R senior secured deferrable floating-rate notes at Libor plus 215 bps, $34.8 million of class D-R senior secured deferrable floating-rate notes at Libor plus 325 bps, $23.2 million of class E-R senior secured deferrable floating-rate notes at Libor plus 650 bps and $41.88 million of subordinated notes.
AGL CLO Credit Management LLC will manage the collateral through the end of the reinvestment period on July 20, 2026.
The notes can be called starting July 20, 2023.
BNP Paribas Securities Corp. was the placement agent.
The New York-based investment firm was founded in 2019 and is a subsidiary of the Abu Dhabi Investment Authority.
Issuer: | AGL CLO 6 Ltd./AGL CLO 6 LLC
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Issue: | Floating-rate notes and subordinated notes
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Amount: | $575.48 million
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Maturity: | July 20, 2034
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Structure: | Cash flow CLO
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Placement agent: | BNP Paribas Securities Corp.
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Manager: | AGL CLO Credit Management LLC
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Call feature: | July 20, 2023
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Settlement date: | July 20
|
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Class A-R notes
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Amount: | $359.6 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 120 bps
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Rating: | S&P: AAA
|
|
Class B-R notes
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Amount: | $81.2 million
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Securities: | Senior secured floating-rate notes
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Coupon: | Libor plus 170 bps
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Rating: | S&P: AA
|
|
Class C-R notes
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Amount: | $34.8 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | Libor plus 215 bps
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Rating: | S&P: A
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Class D-R notes
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Amount: | $34.8 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | Libor plus 325 bps
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Rating: | S&P: BBB-
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Class E-R notes
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Amount: | $23.2 million
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Securities: | Senior secured deferrable floating-rate notes
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Coupon: | Libor plus 650 bps
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Rating: | S&P: BB-
|
|
Subordinated notes
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Amount: | $41.88 million
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Securities: | Subordinated notes
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