AIMCO CLO 11 Ltd. Debt Assigned Preliminary Ratings In Connection With Proposed Refinancing

We reviewed AIMCO CLO 11 Ltd., which, based on its proposed supplemental indenture, is expected to refinance its class A-R, B-R, C-R, D-R, and E-R debt on Aug. 20, 2024, through an optional redemption and replacement debt issuance. After analyzing the changes to the transaction, we assigned our preliminary ratings to the replacement class A-1R2, A-2R2, B-R2, C-R2, D-1R2, D-2R2, and E-R2 debt. The previous debt is expected to be fully redeemed with the proceeds from the replacement debt on the refinancing date. The preliminary ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. TORONTO (S&P Global Ratings) Aug. 15, 2024--S&P Global Ratings today assigned its preliminary

...- We reviewed AIMCO CLO 11 Ltd., which, based on its proposed supplemental indenture, is expected to refinance its class A-R, B-R, C-R, D-R, and E-R debt on Aug. 20, 2024, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned our preliminary ratings to the replacement class A-1R2, A-2R2, B-R2, C-R2, D-1R2, D-2R2, and E-R2 debt. The previous debt is expected to be fully redeemed with the proceeds from the replacement debt on the refinancing date. - The preliminary ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. TORONTO (S&P Global Ratings) Aug. 15, 2024--S&P Global Ratings today assigned its preliminary ratings to the class A-1R2, A-2R2, B-R2, C-R2, D-1R2, D-2R2, and E-R2 replacement debt from AIMCO CLO 11 Ltd./AIMCO CLO 11 LLC, a CLO managed by Allstate Investment Management Co. that was originally issued in September 2020...

Ratings Action