Presale: Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC - S&P Global Ratings’ Credit Research

Presale: Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC

Presale: Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC - S&P Global Ratings’ Credit Research
Presale: Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC
Published Jul 12, 2018
20 pages (7822 words) — Published Jul 12, 2018
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Galaxy XXVIII CLO Ltd. is a $477.65 million broadly syndicated collateralized loan obligation (CLO) managed by PineBridge Investments LLC. This is a proposed reissue of its October 2016 Galaxy XVII CLO transaction. Based on provisions in the transaction documents: The transaction will be collateralized by at least 90.0% senior secured loans, with a minimum of 85.0% of the loan issuers required to be based in the U.S. or Canada. A maximum of 70.0% of the loans in the collateral pool can be covenant-lite. 87.74% of the underlying collateral obligations have credit ratings assigned by S&P Global Ratings. 96.65% of the underlying collateral obligations have recovery ratings issued by S&P Global Ratings. Compared to other broadly syndicated CLOs that we assigned

  
Brief Excerpt:

...This presale report is based on information as of July 12, 2018. The ratings shown are preliminary. This report does not constitute a recommendation to buy, hold, or sell securities. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings....

  
Report Type:

Presale Report

Sector
Structured Finance
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Presale: Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC" Jul 12, 2018. Alacra Store. Dec 09, 2018. <http://www.alacrastore.com/s-and-p-credit-research/Presale-Galaxy-XXVIII-CLO-Ltd-Galaxy-XXVIII-CLO-LLC-2071051>
  
APA:
S&P Global Ratings’ Credit Research. (). Presale: Galaxy XXVIII CLO Ltd./Galaxy XXVIII CLO LLC Jul 12, 2018. New York, NY: Alacra Store. Retrieved Dec 09, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/Presale-Galaxy-XXVIII-CLO-Ltd-Galaxy-XXVIII-CLO-LLC-2071051>
  
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