In a current transaction, Corebridge Monetary, Inc. has considerably elevated its holdings in Cliffwater Company Lending Fund (NASDAQ:CCLFX), buying varied collection of senior secured notes valued at over $24 million.
The collection of transactions occurred on July 15, 2024, and concerned the acquisition of senior secured notes with various rates of interest and maturity dates. The bought notes embody the 5.44% Sequence B Senior Secured Notes due in 2025, the 5.50% Sequence C Senior Secured Notes due in 2026, the 5.61% Sequence E Senior Secured Notes due in 2027, the 7.10% Sequence I Senior Secured Notes due in 2027, and the 6.75% Sequence Ok Senior Secured Notes due in 2026.
In accordance with the SEC submitting, the most important single acquisition was for the 7.10% Sequence I Senior Secured Notes, for which Corebridge Monetary exchanged a mix of different securities and money estimated at $7,558,187.83, leading to a principal quantity holding of $60,000,000.00 post-transaction. Equally, vital purchases have been made for the 5.61% Sequence E and 5.50% Sequence C notes, with estimated change values of $5,228,936.49 and $4,190,469.36, respectively.
These notes are held by varied subsidiaries of Corebridge Monetary, together with American Normal Life Insurance coverage Firm (AGLIC) and America Life Insurance coverage Firm within the Metropolis of New York (USL), amongst others. The transactions have been managed by Corebridge Institutional Investments (U.S.), LLC, one other subsidiary of Corebridge Monetary.
The strategic acquisition of those notes by Corebridge Monetary demonstrates the corporate’s energetic administration of its funding portfolio and dedication to securing engaging fixed-income securities. Buyers in Corebridge Monetary and Cliffwater Company Lending Fund could view these transactions as an indication of Corebridge Monetary’s confidence within the long-term worth of those securities.
The SEC submitting was signed by Christine Nixon, a licensed signatory of Corebridge Monetary, Inc., and filed pursuant to Part 30(h) of the Funding Firm Act of 1940.
This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.