AGL raises $400m for latest CLO offering

AGL Credit Management announced the closing of AGL Core CLO 4 Ltd. with $400 million, following in the footsteps of other AGL offerings in that it invests in senior secured floating rate broadly syndicated loans (BSLs).

The lightly levered strategy is based on bank loans across a wide variety of industries. Officials said they aim to provide global institutional investors with high single-digit returns.

“We continue to pleased with the strong reception of investors to AGL’s offerings especially in today’s unprecedented environment,” said Peter Gleysteen, chief executive officer and chief investment officer . . .

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