Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC Notes Assigned Preliminary Ratings In Connection With Proposed Reissue - S&P Global Ratings’ Credit Research

Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC Notes Assigned Preliminary Ratings In Connection With Proposed Reissue

Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC Notes Assigned Preliminary Ratings In Connection With Proposed Reissue - S&P Global Ratings’ Credit Research
Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC Notes Assigned Preliminary Ratings In Connection With Proposed Reissue
Published Jul 12, 2018
5 pages (1784 words) — Published Jul 12, 2018
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

OVERVIEW Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC's issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. We assigned our preliminary ratings to the class X, A-1, A-2, B, C, D, E, and F notes. The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) July 12, 2018--S&P Global Ratings today assigned its preliminary ratings to Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC's $427.20 million floating-rate notes (see list). This is a proposed reissue of its October 2016 Galaxy XVII CLO transaction. The note issuance is a collateralized loan obligation transaction backed

  
Brief Excerpt:

...OVERVIEW + Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC's issuance is a CLO transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. + We assigned our preliminary ratings to the class X, A-1, A-2, B, C, D, E, and F notes. + The preliminary ratings reflect our view of the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. NEW YORK (S&P Global Ratings) July 12, 2018--S&P Global Ratings today assigned its preliminary ratings to Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC's $427.20 million floating-rate notes (see list). This is a proposed reissue of its October 2016 Galaxy XVII CLO transaction. The note issuance is a collateralized loan obligation transaction backed by primarily broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. The preliminary ratings are based on information as of July 12, 2018....

  
Report Type:

Ratings Action

Issuer
Galaxy XXVIII CLO, Ltd.
Sector
Structured Finance
Country
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC Notes Assigned Preliminary Ratings In Connection With Proposed Reissue" Jul 12, 2018. Alacra Store. Nov 19, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Galaxy-XXVIII-CLO-Ltd-Galaxy-XXVIII-CLO-LLC-Notes-Assigned-Preliminary-Ratings-In-Connection-With-Proposed-Reissue-2070671>
  
APA:
S&P Global Ratings’ Credit Research. (). Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC Notes Assigned Preliminary Ratings In Connection With Proposed Reissue Jul 12, 2018. New York, NY: Alacra Store. Retrieved Nov 19, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Galaxy-XXVIII-CLO-Ltd-Galaxy-XXVIII-CLO-LLC-Notes-Assigned-Preliminary-Ratings-In-Connection-With-Proposed-Reissue-2070671>
  
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