Chicago, Jan. 26 – AGL Core Fund Vintage 2019-1, LP refinanced for $575.38 million a collateralized loan obligation issued by AGL Core CLO 8 Ltd., according to multiple notices.
The notes will mature on Oct. 20, 2032.
The CLO now consists of $188 million of class A-1 senior secured floating-rate loans at Libor plus 109 basis points, $0 million of class A-1 senior secured floating-rate notes at Libor plus 109 bps, $180 million of class A-R senior secured floating-rate notes at Libor plus 109 bps, $25.8i million of class B-R senior secured floating-rate notes at Libor plus 140 bps and $181.5 million of subordinated notes.
No class A-1 notes were issued at closing. The loans may be converted in whole or in part into class A-1 notes at any time.
AGL Core Fund Vintage 2019-1, LP will manage the collateral through the end of the three-year reinvestment period.
Collateral comes from a portfolio of broadly syndicated senior secured corporate loans.
Barclays, BNP Paribas Securities Corp. and Mizuho Securities USA LLC was the placement agent.
The collateral manager is a relying adviser of AGL Credit Management LP.
| Issuer: | AGL Core CLO 8 Ltd.
|
| Issue: | Floating-rate notes, floating-rate loans and subordinated notes
|
| Amount: | $575,375,000
|
| Maturity: | Oct. 20, 2032
|
| Structure: | Cash flow CLO
|
| Placement agent: | Barclays, BNP Paribas Securities Corp. and Mizuho Securities USA LLC
|
| Manager: | AGL Core Fund Vintage 2019-1, LP
|
| Settlement date: | Nov. 9
|
|
|
| Class A-1 loans
|
| Amount: | $188 million
|
| Securities: | Senior secured floating-rate loans
|
| Coupon: | Libor plus 109 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-1 notes
|
| Amount: | $0 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 109 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class A-R notes
|
| Amount: | $180 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 109 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: AAA
|
|
|
| Class B-R notes
|
| Amount: | $25.875 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | Libor plus 140 bps
|
| Rating: | Moody's: Aaa
|
| Fitch: NR
|
|
|
| Subordinated notes
|
| Amount: | $181.5 million
|
| Securities: | Subordinated notes
|
|
|
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