Chicago, April 1 – Allstate Investment Management Co. sold $503.75 million in a collateralized loan obligation being issued by Aimco CLO 22 Ltd./Aimco CLO 22 LLC, according to a presale report.
The notes will mature on April 19, 2037.
The CLO consists of $320 million of class A senior secured floating-rate notes at SOFR plus 150 basis points, $60 million of class B senior secured floating-rate notes at SOFR plus 195 bps, $30 million of class C senior secured deferrable floating-rate notes at SOFR plus 240 bps, $30 million of class D senior secured deferrable floating-rate notes at SOFR plus 340 bps, $18.75 million of class E senior secured deferrable floating-rate notes at SOFR plus 650 bps and $45 million of subordinated notes.
Allstate Investment Management Co. will manage the collateral through the end of the reinvestment period on April 19, 2029.
Collateral for the notes consists of broadly syndicated speculative-grade senior secured term loans.
The notes can be called starting April 19, 2026.
Nomura Securities International Inc. was the placement agent.
Allstate Investment Management is a Northbrook, Ill.-based investment firm and subsidiary of Allstate Corp.
| Issuer: | Aimco CLO 22 Ltd./Aimco CLO 22 LLC
|
| Issue: | Floating-rate notes and subordinated notes
|
| Amount: | $503.75 million
|
| Maturity: | April 19, 2037
|
| Structure: | Cash flow CLO
|
| Placement agent: | Nomura Securities International Inc.
|
| Manager: | Allstate Investment Management Co.
|
| Call feature: | April 19, 2026
|
| Pricing date: | March 28
|
| Settlement date: | April 19
|
|
|
| Class A notes
|
| Amount: | $320 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 150 bps
|
| Rating: | S&P: AAA
|
|
|
| Class B notes
|
| Amount: | $60 million
|
| Securities: | Senior secured floating-rate notes
|
| Coupon: | SOFR plus 195 bps
|
| Rating: | S&P: AA
|
|
|
| Class C notes
|
| Amount: | $30 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 240 bps
|
| Rating: | S&P: A
|
|
|
| Class D notes
|
| Amount: | $30 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 340 bps
|
| Rating: | S&P: BBB-
|
|
|
| Class E notes
|
| Amount: | $18.75 million
|
| Securities: | Senior secured deferrable floating-rate notes
|
| Coupon: | SOFR plus 650 bps
|
| Rating: | S&P: BB-
|
|
|
| Subordinated notes
|
| Amount: | $45 million
|
| Securities: | Subordinated notes
|
|
|
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