...- Ares LIV CLO Ltd. refinanced its class A, B, C, and D debt on May 3, 2024, through an optional redemption and replacement debt issuance. - After analyzing the changes to the transaction, we assigned ratings to the replacement class A-R, B-R, C-R, and D-R debt. At the same time, we withdrew our ratings on the original class A, B, C, and D debt following payment in full. We also affirmed our ratings on the class E debt, which was not refinanced. - The ratings reflect our view of the credit support available to the refinanced debt after examining the new capital structure and payment mechanics. ENGLEWOOD (S&P Global Ratings) May 3, 2024--S&P Global Ratings today assigned its ratings to the class A-R, B-R, C-R, and D-R replacement debt from Ares LIV CLO Ltd./Ares LIV CLO LLC, a CLO originally issued in 2019 that is managed by Ares CLO Management LLC. At the same time, we withdrew our ratings on the original class A, B, C, and D debt following payment in full on the May 3, 2024, refinancing...
